Snowflake holds support as AI optimism returns
Snowflake has successfully held a key support level amid the de-escalation of tensions between the United States and Iran.
SNOW remains one of the leading software companies for investors seeking exposure to AI infrastructure. The company continues to expand its AI Data Cloud ecosystem and strengthen its position in the growing market for enterprise data solutions.
Another positive development for the market was the easing of geopolitical tensions between the U.S. and Iran. Lower oil prices and reduced inflation concerns have helped improve sentiment toward risk assets.
Gap Up support keeps Snowflake's rally alive
As noted in our previous analysis, SNOW shares surged nearly 40% following a strong quarterly earnings report, with the key support level forming at the Gap-Up zone near $229.49.
The stock successfully tested this level and remains firmly above it. A move toward the $250–$255 range is now expected, as this area contains significant liquidity from short-term traders.
A breakout above this zone could accelerate the rally toward the local high at $284.99.
However, if Snowflake loses support at $229.49, the probability of a decline toward $205.80—near its 200-day simple moving average (SMA)—would increase substantially.
A relatively negative technical factor is the RSI (14). The indicator is approaching overbought territory but has not yet entered that zone.
AI remains the opportunity — execution is the challenge
Snowflake's primary long-term growth driver remains the increasing demand for enterprise data solutions that support artificial intelligence.
As more companies adopt AI models, the need for high-quality infrastructure for storing, processing, and managing data continues to grow.
However, investors are becoming more demanding. The market is no longer satisfied with AI-related announcements alone — it wants clear evidence of monetization, including customer growth, higher platform consumption, and improving profitability.
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