Snowflake Ranks 98th in Trading Volume with $848 Million as it Acquires Crunchy Data to Boost AI Data Cloud

On June 3, 2025, Snowflake (SNOW) experienced a trading volume of $848 million, ranking 98th in the day's stock market activity. The stock closed with a 0.49% decrease.

Snowflake has announced its acquisition of Crunchy Data, a leading provider of trusted open-source PostgreSQL technology. This strategic move aims to enhance Snowflake's AI Data Cloud by introducing Snowflake Postgres, an AI-ready, enterprise-grade, and developer-friendly PostgreSQL database. This acquisition is part of Snowflake's broader strategy to compete in the enterprise market, particularly against rivals like Databricks.

Snowflake Postgres is designed to provide developers with the full power of PostgreSQL while ensuring uncompromising governance, security, and operational standards. This integration will enable enterprises to build and deploy secure, compliant AI agents and applications more efficiently. The acquisition is expected to empower organizations across various industries to leverage PostgreSQL for their production applications, benefiting from Crunchy Data's proven track record in enterprise readiness and FedRAMP compliance.

With PostgreSQL being the most popular database among developers, Snowflake Postgres simplifies the process of building, deploying, and scaling production-ready AI agents and applications. The technology from Crunchy Data supports the entire lifecycle of enterprise workloads, from quick experimentation to full-scale deployment. This acquisition is a significant step for Snowflake in delivering a comprehensive data and AI platform, positioning itself as the ultimate destination for enterprise data and AI needs.