New York, Feb 13, 2026, 15:31 EST — Regular session
- Snowflake shares rose about 6% to $183.30, after swinging between $171.75 and $185.63.
- A softer U.S. inflation print revived bets for a June Fed rate cut, helping rate-sensitive software names.
- Snowflake flagged a new Snowflake Intelligence collaboration with U.S. Figure Skating.
Shares of Snowflake Inc rose about 6% on Friday to $183.30, rebounding from early weakness after a wide intraday range that took the stock as low as $171.75.
The lift came as U.S. stocks steadied on cooler inflation data, which nudged up expectations for a Federal Reserve rate cut as soon as June. “This is a good number,” said Peter Cardillo, chief market economist at Spartan Capital Securities, while the S&P 500 software and services index climbed more than 1% after recent volatility tied to AI disruption fears. (Reuters)
For Snowflake holders, the timing matters. The company reports quarterly results later this month, and the stock has become a quick read-through on how much risk investors want to carry in high-growth software when rate-cut hopes flicker on and off.
Snowflake also put fresh customer talk into the market on Thursday, saying it will work with U.S. Figure Skating to expand data and AI use across operations, athlete performance insights and fan engagement using Snowflake Intelligence. “Data plays an increasingly important role in how we operate,” said Annie White, U.S. Figure Skating’s chief commercial officer, while Snowflake marketing chief Denise Persson said “turning insight into action is critical.” (Business Wire)
The stock has been sensitive to any hint of slower spending. In December, Snowflake shares sank after the company forecast slower product revenue growth and pointed to discounts tied to large, long-term deals, a sore spot for investors tracking the pace of cloud consumption. (Reuters)
Earlier this month, Snowflake said it entered a $200 million partnership with OpenAI to bring advanced AI models into its platform, part of a push to keep pace in an increasingly crowded data-and-AI market that includes private rival Databricks. (Reuters)
Snowflake’s core “product revenue” largely tracks usage on its cloud platform — spending that can move quickly when customers add workloads, pause projects, or squeeze budgets. That can make the stock trade more like a macro bet than many software names.
Investors will be watching for any sign that Snowflake’s newer AI tools and “agent” products drive more workloads onto the platform, rather than simply shifting how customers query data. The tone on deal terms, renewals and pricing discipline will matter too.
But the setup cuts both ways. If customers stay cautious on cloud spend or competitors force more discounting, usage growth can slow fast, and the stock’s rate-sensitive bounce can fade just as quickly.
The next clear catalyst is Snowflake’s fourth-quarter results on Feb. 25, when management’s outlook for product revenue and AI-related demand will set the tone for the rest of the quarter. (Snowflake)
