Snowflake just crushed earnings and locked in a $6B Amazon deal — ride the AI momentum
Snowflake just reported record product-revenue growth, crushed earnings expectations, raised its forward outlook, and locked in a massive $6 billion expansion of its partnership with Amazon's AWS — all signs that its AI business is accelerating faster than anyone predicted.
Idea
Snowflake just delivered the kind of earnings report that forces analysts to scramble — record product revenue, a raised outlook, and a jaw-dropping $6 billion commitment to deepen its Amazon AWS partnership. This isn't just a beat; it's proof that AI spending is flowing directly through Snowflake's platform. Historically, when a high-growth cloud stock posts this kind of results and raises guidance, the rally extends for several sessions as upgrades and institutional buying pour in. The risk is that the stock is already up big, so keep the position sized modestly and use a trailing stop.