Snowflake’s stock surges after-hours on solid earnings beat and multibillion-dollar AWS cloud deal
Snowflake Inc.’s shares jumped in late trading today after it announced a $6 billion spending commitment on Amazon Web Services Inc.’s cloud infrastructure, including a deal to use the company’s custom artificial intelligence chips.
The cloud data platform giant also reported stellar first-quarter earnings results, powering past Wall Street’s targets in a sign that the […]
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Snowflake Soars on $6B Amazon Deal
- Snowflake’s stock is on fire as AI acceleration drives record product-revenue growth MarketWatch —
- In more good news for Amazon, Snowflake signs $6B deal with AWS for AI CPU chips Techcrunch —
- Snowflake soars 30% on earnings beat and plan to spend $6 billion on Amazon cloud CNBC —
- Snowflake commits $6B to Amazon Web Services over 5 years in latest AI infrastructure deal GeekWire —
- Snowflake skyrockets after Q1 report features Natoma acquisition and AWS deal Seeking Alpha —