Snowflake shares surge 6.98% intraday after announcing $200M OpenAI partnership for AI integration.

Snowflake Inc. (SNOW) surged 6.98% intraday after announcing a $200 million multi-year partnership with OpenAI to integrate advanced AI models, including GPT-5.2, into its enterprise data platform. The collaboration, highlighted in news reports, aims to enhance customer AI capabilities while maintaining data governance, signaling strategic alignment with growing enterprise AI demand. While Bank of America and Jefferies reiterated Buy ratings and growth optimism, the immediate catalyst appears linked to the OpenAI deal, which underscores Snowflake’s positioning in AI-driven data solutions. Despite ongoing legal investigations and cybersecurity challenges, the partnership provided a short-term boost, aligning with the stock’s intraday rebound.