Market dynamics in the "snow stock price forecast" are tied to macro trends in enterprise cloud adoption. Fed rate pause has given tech growth stocks room to rally, Snowflake included. Lexington Partners, a $76 billion assets under management alternative asset management firm, is testing out Cortex AI. “At Lexington Partners we are creating AI agents using Cortex AI to turn natural language prompts from end users into SQL code that extracts data from Snowflake,” Lexington’s Director and Head of Data & AI Richa Singh told me in an October 1 interview. Snowflake (NYSE: SNOW ) stock surged on Wednesday, backed by continued AI frenzy, as the company capitalizes on growing demand for its data warehousing and AI-driven products. Trading volumes have spiked 22% week-over-week, reflecting investor optimism on Snowflake’s recent enterprise partnerships in the AI analytics space.