What's Going On With Snowflake Stock Monday?

Snowflake, Inc. SNOW shares are trading higher on Monday after the company announced it will expand its partnership with Microsoft MSFT and bring generative AI models and machine learning capabilites to the data cloud. 

The Details:

On Monday, Snowflake announced an expanded partnership with Microsoft which will enable new product integrations across AI, low code/no code application development and data governance.

"Snowflake's partnership with Microsoft is evolving and focused on improving our field collaboration to help our customers enter the next wave of generative AI," said Chris Degnan, CRO of Snowflake.

"Our integrations with Microsoft's generative AI and LLM services will enable joint customers to leverage the latest AI models and frameworks, enhancing the productivity of developers."

Snowflake's annual user conference, Snowflake Summit 2023, began today and will continue through June 29. Snowflake and Microsoft will be demonstrating the latest product integrations during breakout sessions at the conference.

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SNOW Price Action: According to Benzinga Pro, Snowflake shares are trading 1.1% higher at $180.21 at the time of publication.

Image: Courtesy of Snowflake, Inc.