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Ivan Andriyenko
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Snowflake Cortex AI makes Grok-4.7 and GLM-5.3 public after stock ends session down 8.4%

Snowflake Cortex AI makes Grok-4.7 and GLM-5.3 public after stock ends session down 8.4%
Snowflake stock falls 8.4% to $306.84

Snowflake announced the public preview release of the Grok-4.7 and GLM-5.3 AI models on its Cortex AI platform. The stock is down 8.4% on the day at $306.84.

SNOW price prediction
24H 0.51%
$300.89
48H -0.01%
$299.33
7D 2.41%
$306.59
1M -5%
$284.39
3M -25.58%
$222.8
6M -47.42%
$157.42
12M -11.36%
$265.37
Detailed
Current price: $299.37 -5.9250 1.94%
Real-time Data 09:59
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

  • Snowflake made the Grok-4.7 and GLM-5.3 AI models available in public preview on its Cortex AI platform.
  • Shares of Snowflake are down 8.4% on the day at $306.84.
  • 178 of 206 analysts rate Snowflake stock a buy, with a median price target of $443.5.

Snowflake announced that Grok-4.7 from xAI and GLM-5.3 from Zai_org are now in public preview on its Cortex AI platform. The company made the models available across Snowflake CoCo, Snowflake CoWork, Cortex AI Functions, Cortex Inference, and Cortex Agents. Among analysts, 178 out of 206 give the stock a buy rating, while 6 recommend selling.

Decline nears oversold as shares drop below key averages

Price lost the MA-50 at $333.05 during the session after closing above it. The daily structure shows shares are now below both the MA-20 and MA-50, though they remain above the MA-200. The nearest support is at the weekly low of $302.99. RSI at 37.3 is close to oversold territory, indicating the decline is getting stretched and could soon limit further downside.

Downside odds dominate as traders watch the $333.05 close

To gauge whether the move is being accepted or rejected, traders should watch for a close above $333.05. Shares fell through that level after previously maintaining closes above it. For the coming trading week, downside probability stands at 59% against a 41% chance of upside, with an expected range between $276.97 and $336.7. Although there was a sharp move lower over the past week without a sustained trend, the longer-term weekly chart remains constructive. A close above $333.05 would show buyers are willing to follow through, while a drop below $302.99 would show the move is being faded.

Earlier, analysts noted that Snowflake’s integration of AI capabilities was supporting revenue growth and reinforcing its strategic position among major software vendors. The release of Grok-4.7 and GLM-5.3 on Cortex AI adds further momentum to its AI offerings, but traders should monitor $302.99 as the next downside risk level if current support fails to hold.

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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