Snowflake has committed $6bn to AWS over five years, 2.4x larger than its 2023 deal, with AWS Graviton chips at the centre. Shares jumped 38% on the news and a Q1 earnings beat.

Snowflake is going deeper with Amazon's Web Services, and plans to use its Arm-based Graviton chips.

May 27 : Snowflake said on Wednesday it has signed a $6 billion deal with Amazon Web Services, with the investment tied to AWS' Graviton processors and AI chip infrastructure.