Snowflake is trading at $357.49, up 4.10%, as software-sector sentiment strengthened after JPMorgan named it among its favored software stocks, citing AI-related tailwinds and customer migrations.
- Reports said OpenAI still expects to meet or exceed its $70 billion annualized revenue target by year-end, easing AI-demand concerns.
- Major indices were up less than 0.5%, pointing to sector sentiment rather than a broad-market surge; no company-specific announcement was confirmed today.