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Snowflake surges 36% after-hours on $6B Amazon AI deal and Q1 beat
- Snowflake announced a massive partnership with Amazon Web Services and reported strong fiscal first-quarter earnings.
- The deal is valued at $6 billion, triggering a 36% surge in Snowflake's stock price during after-hours trading.
- This collaboration and the acquisition of AI platform Natoma position Snowflake as a major player in CPU-based agentic computing.
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Conclusion
$6 billion deal value, 35% to 36% after-hours stock surge, and fiscal Q1 2027 beat.