Movement Alert｜Snowflake Rises 3.03% in Regular Trading, AI Ecosystem Expansion and Multi-Bank Bullish Calls Fuel Gains

Market Focus07-07 23:27

On July 7, Snowflake rose 3.03% in regular trading, trading at $270.61/share, with turnover of $558 million. The gain was driven by continued AI ecosystem expansion and a cluster of bullish analyst coverage.

On the news front, IDI announced the availability of its identity graph on Snowflake Marketplace with natural-language analytics powered by Cortex AI. Meanwhile, multiple investment banks have reiterated positive stances: UBS raised its price target to $370, Deutsche Bank to $300—both maintaining buy ratings—and Bank of America named Snowflake among its top five tech picks for the second half. The company's deepening partnership with Anthropic to deploy Claude-powered enterprise AI at scale, along with strategic collaborations with Thomson Reuters and Cognizant on the CoCo platform, continues to expand Snowflake's data cloud ecosystem.

Within the Internet Services & Infrastructure sector, the broader group showed strength. Among individual stocks, Cloudflare up 6.04%, DigitalOcean up 6.59%, Shopify up 2.16%, CoreWeave down 5.12%, Applied Digital down 6.72%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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