Snowflake's Stock Dips, AI Partnership Boosts Outlook
Update: 2025-12-05
Description
Snowflakes shares plummeted by eight percent in premarket trading, following a forecast of slower product revenue growth for Q4. Despite this, thirteen brokerages raised their price targets, buoyed by positive signs of AI adoption. The company also secured a $200 million deal with Anthropic to integrate their AI models, expanding their capabilities.
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