Thomson Reuters Corporation Common Shares is trading 5.4% down at $88.88, a move that appears to be a technical pullback after a strong prior session, overshadowing a significant new AI partnership.
- On June 2, Thomson Reuters announced it is building its enterprise AI and data platform on Snowflake (NYSE: SNOW) to deliver trusted, governed intelligence at scale.
- The company is leveraging Snowflake Cortex to accelerate the development of AI-driven applications and provide faster, real-time insights from complex regulatory data.
- The stock is pulling back from an 8.6% surge on June 1, which was largely attributed to technical factors.