Snowflake lands a $6B Amazon deal and raises guidance — buy the AI-data breakout
Snowflake surged after reporting a stronger-than-expected annual outlook and inking a $6 billion deal with Amazon. Meanwhile, broader markets are rallying on signs the U.S. and Iran may be moving toward a ceasefire.
Idea
Snowflake just signed a landmark $6 billion partnership with Amazon and raised its annual outlook above what Wall Street expected — two powerful signals in one day. Big cloud deals like this tend to attract follow-on analyst upgrades as the revenue becomes more visible. The broader market is also getting a tailwind from U.S.-Iran ceasefire hopes, which typically lifts growth stocks the most. With AI-driven data demand accelerating and a mega-partner like Amazon in the fold, Snowflake has both fundamental and momentum catalysts working in its favor.