New York, February 14, 2026, 16:07 EST — Market closed
Snowflake Inc stock finished Friday up 5.4% at $182.29, clawing back losses from its 3.3% dip a day earlier. Roughly 8.33 million shares changed hands, Investing.com data show.
This shift hits as the so-called “AI scare trade” sends software stocks on a rollercoaster, investors scrambling to figure out who wins and who’s left behind. “There’s this idea that AI is somehow going to replace built-out models in the near term,” said Robert Pavlik, senior portfolio manager at Dakota Wealth. Reuters
Rates shaped the tone on Friday. Treasury yields slipped after U.S. inflation numbers revealed consumer prices climbed 2.4% in January from a year earlier—just under what economists had expected. That nudged some investors toward betting on at least two Fed rate cuts this year, Reuters said. “Either way, it is a bit of good news as we head into the long holiday weekend,” Tim Holland, chief investment officer at Orion, told Reuters. Reuters
U.S. markets are shut Monday, Feb. 16 for Presidents Day. Trading resumes Tuesday. That extra pause sometimes leaves high-growth software names twitchier to any rate chatter or weekend news bursts.
Snowflake’s cloud data platform runs on a pay-as-you-go model, charging customers by the amount of compute and storage they consume instead of a flat seat fee. As a result, the stock tends to react quickly if there are signs that clients are scaling back workloads or postponing new projects.
Snowflake hasn’t budged from its tight focus on AI-driven tools and user uptake. On Feb. 12, the company announced a fresh partnership with U.S. Figure Skating, rolling out “Snowflake Intelligence”—its enterprise agent that fields questions in plain language—for the group. “Data plays an increasingly important role,” said Annie White, chief commercial officer at U.S. Figure Skating. Nasdaq
Snowflake announced a $200 million deal with OpenAI earlier this month, aiming to bring OpenAI’s models into its cloud data platform and develop “AI agents” tailored to customer data. Databricks, for its part, has ramped up its agent-focused offerings as competition heats up in the enterprise data space, Reuters reported. Reuters
Friday brought more product updates. According to Snowflake’s release notes, Snowflake Native Apps in preview now let apps within the same account talk to each other securely and share or combine data.
Still, that rebound rests on shaky ground in a market quick to penalize stocks seen as trailing in AI. Should investors sense the AI drive isn’t converting into actual billable business, those share gains could evaporate just as quickly.
Next up: earnings. Snowflake plans to report fiscal fourth-quarter and full-year numbers after the U.S. close on Wednesday, Feb. 25, with a conference call slated for 3 p.m. Mountain time. Eyes are on product revenue and remaining performance obligations — that’s contracted work still uncounted as revenue.
