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Snowflake Cortex AI integrates OpenAI GPT-6.1 Terra: Can SNOW break above $337.99?

Snowflake Cortex AI integrates OpenAI GPT-6.1 Terra: Can SNOW break above $337.99?
Snowflake stock edges higher today

Snowflake has rolled out OpenAI's GPT-6.1 Terra into its Cortex AI platform. The stock edges higher on the day, trading at $337.42.

SNOW price prediction
24H -0.3%
$329.27
48H -0.08%
$330.01
7D -0.94%
$327.16
1M -7.04%
$307.03
3M 1.61%
$335.59
6M -31.32%
$226.83
12M -2.6%
$321.67
Detailed
Current price: $330.27 -9.6400 2.84%
Closed 10/29
Daily range 322.80 Arrow from to Icon 338.57
Weekly range 310.00 Arrow from to Icon 343.55
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Highlights

  • Snowflake has made GPT-6.1 Terra from OpenAI available to Cortex Inference and AI Gateway users in public preview.
  • Snowflake stock edges higher on the day, trading at $337.42, with a market value near $130.14 billion.
  • 178 of 206 analysts rate Snowflake stock a buy, and the median price target is $443.5, 31.4% above current levels.

Snowflake has integrated OpenAI's GPT-6.1 Terra into its Cortex AI offering. The company announced that the model is now available in public preview for Cortex Inference and AI Gateway users. Snowflake holds a market valuation near $130.14 billion.

Buyers hold gains as price consolidates at resistance

Price is sitting right at resistance from the weekly high at $337.99. The daily chart remains bullish, with shares of Snowflake holding above the MA-20, MA-50, and MA-200. This structure suggests buyers are defending recent gains as the stock consolidates around a key level.

Upside odds stay high as traders watch $337.99 close

A close above $337.99 would show whether buyers are willing to follow through on current strength. During the session, price reclaimed the MA-20 at $335.36 after closing below it, underscoring near-term support. Still, for the coming trading week, upside probability is more than 80% while downside probability is less than 20%, with an expected trading range of $323.65 to $351.18. A drop below $336.39 would show the move is being faded. On the weekly chart the longer-term picture stays firmly constructive.

Earlier, analysts noted that Snowflake’s expanding partnerships and supportive technical backdrop pointed to a constructive long-term outlook. The integration of GPT-6.1 Terra into Cortex AI strengthens this view, with the area near $337.99 now serving as a pivotal resistance level for traders to monitor in the coming sessions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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