Snowflake Stock Rises Slightly, Trading Volume Ranks 332nd in Market Activity

On July 23, 2025, Snowflake (SNOW) saw a slight increase of 0.15% in its stock price, with a trading volume of $358 million, ranking 332nd in the day's market activity.

Snowflake's stock price has been influenced by a mix of factors, including a significant AI partnership and growing enterprise demand. These positive developments have been countered by concerns over valuation and recent market fluctuations. The company's expanding AI Data Cloud portfolio continues to drive enterprise adoption, with Cortex AI seeing weekly usage from over 5,200 accounts. This growing demand for AI-ready infrastructure has contributed to a 26% year-over-year increase in first-quarter product revenues to $996.8 million. Snowflake has also introduced over 125 new features, including upgrades to Generation 2 Warehouses and Adaptive Compute, aimed at boosting performance and automating scale for large workloads. Additionally, the company launched Openflow, a managed service that simplifies batch and streaming data ingestion, enabling real-time pipelines for AI deployments. These enhancements are expected to expand AI use cases and reinforce Snowflake's positioning in enterprise infrastructure.

Snowflake's expanding clientele and partnerships support its momentum. The company continues to deepen adoption across various industries, including finance, healthcare, manufacturing, and media. Notable clients such as JPMorgan Chase, AstraZeneca, Siemens, Samsung Ads, Dentsu, and Canva are leveraging Snowflake's AI Data Cloud for improved decision-making, operational insights, and personalized campaigns. Snowflake ended the first quarter with 11,578 total customers, up 18% year over year, including 606 customers contributing over $1 million in trailing 12-month product revenue. The company benefits from a strong partner ecosystem that includes Microsoft, Amazon, ServiceNow, and NVIDIA, alongside consulting leaders like EY and S&P Global. Microsoft remains central to Snowflake's AI strategy, working closely with the company to simplify development and enhance cross-cloud interoperability. The Acxiom partnership allows brands to unify identity and audience data in the AI Data Cloud, enabling more personalized, AI-powered marketing. As GenAI adoption scales, Microsoft’s co-innovation efforts continue to reinforce Snowflake’s enterprise positioning.

For the second quarter of fiscal 2026, Snowflake expects product revenues in the range of $1.03-$1.04 billion, indicating year-over-year growth of 25%. For fiscal 2026, Snowflake projects product revenues to grow 25% year over year to $4.32 billion. The Zacks Consensus Estimate for second-quarter fiscal 2026 revenues is pegged at $1.09 billion, indicating 24.91% year-over-year growth. The consensus mark for fiscal 2026’s revenues is pegged at $4.52 billion. The Zacks Consensus Estimate for second-quarter earnings is currently pegged at 26 cents per share, unchanged over the past 30 days. This indicates an increase of 44.44% year over year. Despite these positive projections, Snowflake faces competitive pressure from hyperscale cloud providers and data cloud and analytics vendors. Rising infrastructure costs, especially related to GPUs for AI workloads, add to the margin pressure. Stretched valuation also remains a concern, with SNOW currently carrying a Zacks Rank #3 (Hold), suggesting that it may be wise to wait for a more favorable entry point to start accumulating the stock.