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Jun 2, 2026 8:20 AM

What's Going On With Snowflake Stock Tuesday?

Snowflake Inc. (NYSE:SNOW) stock fell 3.81% in Tuesday premarket trading as investors took profits following the stock’s recent rally and a weaker tone across equity futures. Nasdaq futures were down 0.10%, while S&P 500 futures slipped 0.21%.

The pullback appears driven by broader market sentiment rather than company-specific news. After a strong run that pushed shares near recent highs, Snowflake is seeing some consolidation as traders lock in gains amid softer risk appetite.

Snowflake, Anthropic See Rising Enterprise AI Adoption

On Monday, Snowflake and Anthropic announced growing enterprise adoption of Anthropic’s Claude models through Snowflake Cortex AI as companies increasingly deploy AI on governed business data.

The companies said customers, including Block, Carvana, eSentire, Indeed, and Notion, are using Claude-powered tools for cybersecurity, financial analysis, developer productivity, and business intelligence.

Snowflake said its Cortex Code product, powered by Claude, has ...