Snowflake crushes earnings and locks in a $6B Amazon deal — buy the AI momentum
Snowflake just reported blockbuster earnings powered by AI demand, raised its annual forecast, and locked in a massive $6 billion partnership with Amazon's cloud division. The stock is soaring toward a record gain.
Idea
Snowflake didn't just beat expectations — it raised its full-year outlook and signed a $6 billion deal with Amazon Web Services, signaling that AI spending is actually accelerating, not slowing. When a cloud-data company posts record product-revenue growth and deepens ties with the biggest cloud platform, institutional investors tend to pile in over the following weeks. The broader market is shaky right now due to Iran and inflation, which could create short-term pullbacks — but that's an opportunity to buy a high-quality AI name at a better price.