Snowflake stock price slides 4% in regular session as investors weigh AI outlook and rate fears
Snowflake shares fell 4.1% to $166.00 Friday, reversing gains from a post-earnings rally. The drop followed a strong forecast and record customer deal, but investors remain cautious amid doubts over AI returns and persistent inflation. Snowflake reported $1.28 billion in quarterly revenue, with product revenue up 30% year-on-year. Focus turns to customer usage trends ahead of the Snowflake Summit in June.