Snowflake announced a $6B commitment to Amazon AWS and a blowout quarter, signaling a strategic bet on AI infrastructure.
Snowflake Inc.
(NYSE:SNOW) dropped a one-two punch Wednesday evening: a blowout quarter and a $6 billion commitment to Amazon.com Inc.
(NASDAQ:AMZN) AWS that signals the company is making a clear strategic bet on where the AI infrastructure war will be won.
SNOW stock is soaring after earnings.
See the price action here.
May 27 : Snowflake raised annual product revenue forecast on Wednesday, as enterprises ramped up spending on AI applications and…
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May 27 : Snowflake said on Wednesday it has signed a $6 billion deal with Amazon Web Services, with the investment tied to AWS'…
Snowflake's stock surges after-hours on solid earnings beat and multibillion-dollar AWS cloud deal - SiliconANGLE
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Snowflake boosts forecast, signs $6 billion AWS deal as enterprise AI adoption grows
Snowflake boosts forecast, signs $6 billion AWS deal as enterprise AI adoption grows - The Economic Times
In more good news for Amazon, Snowflake signs $6B deal with AWS for AI CPU chips | TechCrunch
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