Snowflake shares rise sharply after the company reports results that include a stronger-than-expected annual outlook and a large multiyear agreement with Amazon. According to Bloomberg and MarketWatch, Snowflake’s stock jumps nearly 30% in late trading, with the move described as its biggest since 2020. The company says it is expanding its partnership with Amazon Web Services, including the use of Amazon’s cloud services and chips, under a multiyear deal valued at $6 billion. Investors are also reacting to Snowflake’s earnings beat and record product-revenue growth attributed to increased demand tied to AI-related workloads and “AI acceleration.” Snowflake’s raised outlook is presented as a key driver alongside the Amazon agreement. Across outlets, coverage emphasizes the same combination of factors: improved financial guidance for the year, strong reported performance, and a significant commitment to deepen collaboration with AWS. The articles also note interviews with Snowflake’s CEO, who discusses how the agreement is expected to work.
Snowflake Shares Surge After Raised Outlook and $6 Billion Amazon AWS Deal
Snowflake shares rise sharply after the company reports results that include a stronger-than-expected annual outlook and a large multiyear agreement with Amazon. According to Bloomberg and MarketWatch...
- Snowflake shares surge by about 30% after earnings and guidance.
- The company reports a stronger-than-expected annual outlook.
- Snowflake signs a $6 billion multiyear agreement to expand its collaboration with Amazon AWS.
- The deal includes use of Amazon’s cloud services and chips.
- Coverage cites record product-revenue growth linked to AI-related demand.
Bloomberg’s Caroline Hyde and Ed Ludlow break down Snowflake's share moves after the software maker gave a strong outlook and signed a $6 billion deal with Amazon. Plus, Bloomberg News pulls back the curtains on Apple's revamped Siri design ahead of its WWDC debut. And, Meta introduces paid chatbot subscriptions to help offset its AI infrastructure costs. (Source: Bloomberg)
2 months agoSnowflake Inc. shares jumped after the software maker gave a stronger-than-expected annual outlook and signed a $6 billion multiyear agreement to use Amazon’s cloud services and chips. Snowflake CEO Sridhar Ramaswamy speaks to Bloomberg's Matt Miller and Caroline Hyde about the results and how it will work with Amazon. (Source: Bloomberg)
2 months agoSnowflake’s stock soars toward a record gain after an earnings beat, a raised outlook and a $6 billion commitment to expand its collaboration with Amazon’s AWS.
2 months agoSnowflake Inc. shares jumped almost 30% in late trading after the software maker gave a stronger-than-expected annual outlook and signed a $6 billion multiyear agreement to use Amazon.com Inc.’s cloud services and chips.
2 months ago
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