🔴 Snowflake is trading 5% down amid software-sector pressure over AI spending and returns

Snowflake is trading at ARS 17,130.00, down 5.15%, amid a broader technology selloff linked to investor concerns about AI spending and returns.

• No clear Snowflake-specific announcement explaining the November 2 move surfaced; recent coverage connected Snowflake and other software stocks to Friday’s technology selloff.
• Reuters described broader concerns about AI-related shares and hyperscaler spending plans.
• Major U.S. indexes were higher in premarket, making sector pressure a more consistent explanation than broad-market weakness.