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Snowflake Trading Volume Drops 35.58% to $933 Million Despite Stock Price Rise
Generated by AI AgentAinvest Volume Radar
Monday, Jun 2, 2025 8:01 pm ET1min read
On June 2, 2025,
(SNOW) saw a trading volume of $933 million, marking a 35.58% decrease from the previous day. Despite this, the stock price rose by 2.19%, marking the second consecutive day of gains and a total increase of 3.89% over the past two days.Snowflake Inc. has announced its acquisition of Crunchy Data, an AI startup, to bolster its AI Data Cloud capabilities. This strategic move aims to enhance Snowflake's platform offerings by integrating advanced AI technologies. The acquisition, though pending regulatory clearance, has been met with market enthusiasm, reflecting Snowflake's commitment to expanding its data and AI platform capabilities.
Snowflake's collaboration with Canva has enabled the latter to enrich user data through AI and integrations with services like OpenAI. This partnership highlights Snowflake's role in enhancing customer segmentation and data analytics for its clients.
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