Snowflake Cortex AI adds Kimi K3 private preview: Will SNOW hold the MA-20?

Snowflake Cortex AI adds Kimi K3 private preview: Will SNOW hold the MA-20?
Snowflake stock edges higher to $335.73

Snowflake announced that Kimi K3, Moonshot AI’s open-weight model, is now available in private preview on its Cortex AI platform. The stock edges higher on the day, trading at $335.73.

SNOW price prediction
24H -1.7%
$300.89
48H -2.21%
$299.33
7D 0.17%
$306.59
1M -7.85%
$282.04
3M -27.81%
$220.97
6M -48.99%
$156.13
12M -14.01%
$263.19
Current price: $306.08 -24.1900 7.32%
Closed 10/30
Daily range 295.80 Arrow from to Icon 311.54
Weekly range 295.80 Arrow from to Icon 343.34
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Highlights

  • Kimi K3, an open-weight model from Moonshot AI, is now available in private preview on Snowflake Cortex AI for coding, research, and analytics.
  • Snowflake stock trades at $335.73, with 176 of 204 analysts rating it a buy and a median target of $440.
  • Snowflake has a market value near $116.94 billion on trailing revenue of $5.43 billion, employing 9,394 people.

Kimi K3, an open-weight model from Moonshot AI, is now available in private preview on Snowflake Cortex AI. The company says the model is designed for coding, research, and analytical workflows. Snowflake highlighted that offering more model options gives users greater flexibility in choosing the right tool for each task.

Bullish structure holds as oversold signals emerge

Stoch RSI is nearing oversold territory, serving as an early sign that the decline may be getting stretched. Shares of Snowflake hold above their MA-20 at $330.71, as well as the MA-50 and MA-200, maintaining a bullish daily structure. This positioning supports a steady foundation and limits the downside, with the technical backdrop reflecting a continuation of the broader uptrend.

Upside seen as traders eye a close above key level

Traders should watch for a close above $342.42 to confirm that buyers are ready to follow through. Stoch RSI moving closer to oversold territory suggests the recent softness is becoming extended. Still, from here, the probability of upside over the coming trading week is 78%, while the probability of downside is 22%, with an expected trading range of $328.17 to $343.28. A drop below $330.71 would show the move is being faded. On the weekly chart the longer-term picture stays firmly constructive.

Previously it was reported that Snowflake's introduction of per-user quotas for Cortex AI Functions offered new operational controls while maintaining a constructive technical setup. The current availability of Kimi K3 on Cortex AI adds another layer to Snowflake's AI capabilities, with a key trading level to monitor now at $330.71 for indications of potential downside momentum.

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