Snowflake lands a $6 billion Amazon deal and raises guidance — buy the breakout
Snowflake just crushed expectations with a stronger annual forecast and landed a massive $6 billion partnership with Amazon, sending the stock sharply higher.
Idea
Snowflake isn't just beating numbers — it's signing a $6 billion deal with Amazon, which is the kind of partnership that locks in revenue for years and signals that the biggest cloud provider trusts their platform. The raised annual outlook tells Wall Street that the company's AI-driven data business is accelerating, not slowing down. Software stocks with this combination of a blowout quarter plus a mega-partnership tend to keep running as investors who missed the initial jump look to buy on small dips. The broader market rally on US-Iran truce hopes adds a supportive backdrop for growth stocks like Snowflake.