Snowflake crushes earnings with a $6B Amazon deal — grab the AI momentum before it runs away
Snowflake just reported blowout earnings, raised its annual forecast, and locked in a massive $6 billion partnership with Amazon's cloud division. The stock is soaring as investors realize AI spending is accelerating faster than expected.
Idea
Snowflake's earnings blowout is not just a one-quarter story — they raised their full-year outlook and committed to a $6 billion expansion with Amazon's AWS, the biggest cloud platform in the world. That kind of deal signals deep, multi-year demand for AI data infrastructure. When a high-growth tech stock beats expectations this convincingly and raises guidance, it often keeps running for several days as analysts upgrade their price targets and institutional investors build positions. Amazon itself could also see a tailwind since the deal deepens its cloud ecosystem and locks in a major partner.