On July 13, Snowflake rose 3.18% in regular trading, trading at $269.32/share, with turnover of $201 million. The rebound follows a 3.05% decline on July 11 when the Internet Infrastructure sector came under broad selling pressure.

On the sector front, peers including Cloudflare (+2.18%) and MongoDB (+0.88%) also recovered, signaling a stabilization in the broader infrastructure space. Meanwhile, multiple investment banks have recently reiterated bullish stances: UBS raised its price target to $370, Deutsche Bank lifted its target to $300, and both maintained Buy ratings. Oppenheimer highlighted differentiation potential from Snowflake's strategic shift toward agentic AI, citing its Cortex Code and Cowork agents as competitive edges in delivering production-grade, governed AI at scale.

Additionally, the company's deepened partnership with Anthropic to accelerate enterprise AI commercialization through Cortex AI, along with ARK Invest's earlier accumulation of shares, continues to provide medium-term support for the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)