New York, Feb 13, 2026, 15:31 EST — Regular session
- Shares of Snowflake climbed roughly 6% to $183.30, bouncing from a low of $171.75 up to $185.63.
- A cooler U.S. inflation report reignited calls for a June Fed rate cut, giving a lift to rate-sensitive software stocks.
- Snowflake pointed to its new Snowflake Intelligence partnership with U.S. Figure Skating.
Snowflake Inc shares ended Friday up roughly 6% at $183.30, clawing back losses after the stock dipped to $171.75 earlier in the session in a volatile trading day.
U.S. stocks found footing after softer inflation numbers, prompting traders to ramp up bets on a Fed rate cut by June. “This is a good number,” said Peter Cardillo, chief market economist at Spartan Capital Securities. The S&P 500 software and services index jumped over 1%, reversing some of the recent swings sparked by jitters over AI shakeups. Reuters
Timing is key for Snowflake holders. The company is set to report quarterly results later this month, and its stock often serves as a real-time gauge of investor appetite for high-growth software names whenever hopes for rate cuts waver.
Snowflake dropped some new customer news Thursday, announcing a deal with U.S. Figure Skating aimed at pushing data and AI deeper into day-to-day ops, tracking athletes, and boosting fan activity through its Snowflake Intelligence platform. “Data plays an increasingly important role in how we operate,” said Annie White, chief commercial officer at U.S. Figure Skating. Snowflake’s marketing head Denise Persson added, “turning insight into action is critical.” Business Wire
Any suggestion of weaker spending tends to hit the stock. Back in December, Snowflake shares tumbled when the company projected softer product revenue growth and flagged discounts linked to major, multi-year contracts—a detail that didn’t sit well with investors focused on cloud usage trends.
Snowflake announced a $200 million deal with OpenAI earlier this month, aiming to integrate more advanced AI models into its platform. The move comes as it tries to maintain its edge in a data-and-AI sector where competition from private player Databricks is heating up.
Snowflake’s main “product revenue” line moves in step with how much customers use its cloud platform—rising or falling as they launch new workloads, scale back, or dial down spending. Swings like that often leave the stock behaving more like a macro play than your typical software ticker.
Investors want to see if Snowflake’s latest AI features and “agent” offerings actually pull more usage onto its platform, not just change how clients run queries. Watch for signals on deal terms, pricing discipline, and renewal trends as well.
Still, the arrangement isn’t risk-free. Should customers remain hesitant about cloud spending, or rivals push for deeper discounts, usage growth could stall abruptly—and that rate-driven pop in the stock might disappear just as fast.
Snowflake’s fourth-quarter earnings land Feb. 25, and Wall Street will be watching management’s take on product revenue and AI demand—numbers and commentary that could define the quarter ahead.
