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Why Snowflake stock slid 9%: AI disruption jitters swamp an OpenAI tie-up and a Postgres push
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Why Snowflake stock slid 9%: AI disruption jitters swamp an OpenAI tie-up and a Postgres push
NEW YORK, February 3, 2026, 20:10 EST — Market closed Shares of Snowflake Inc. fell 9.1% Tuesday, closing at $173.24 after trading as high as $193.49 and as low as $169.08. The stock had finished Monday at $190.66. The selloff is significant because investors are pulling back on software and cloud stocks, rethinking how quickly AI can boost pricing power and margins—even among companies touting themselves as AI winners. “We’re seeing a lot of so…
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