🔴 Snowflake is trading 6.5% down in pre-market as software stocks sell off

Snowflake is trading 6.5% down at $296.11 after a broad pre-market selloff in enterprise software and technology stocks.

• ServiceNow, IBM, Salesforce, and Adobe were also lower, while Nasdaq futures fell 0.52%, indicating sector-wide pressure rather than a confirmed Snowflake-specific catalyst.
• Recent Snowflake coverage highlights earlier AI-driven optimism and valuation concerns, but no reliable August 6, 2026 company announcement directly explains the move.