Baker's Take· 2 sources
Baker's TakeSnowflake beats Q1 earnings estimates, announces $6 billion AWS cloud and AI chip deal
By
Mr Bagel
Snowflake reported stronger-than-expected Q1 earnings and announced a $6 billion, five-year agreement with Amazon Web Services (AWS) to use AWS's custom AI chips, according to coverage on bsky and Twitter/X. The deal is nearly as large as the $7 billion Snowflake has generated through AWS Marketplace since its founding in 2012, Twitter/X noted. The news caused Snowflake's stock to surge in after-hours trading, bsky reported.
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