Snowflake stock closed up 36% on Thursday, its best day ever, after the company boosted guidance and announced an AI compute deal with Amazon

Summary

Snowflake's stock surged 36% on Thursday, marking its best day ever, following the company's announcement of a new AI compute deal with Amazon and boosted guidance.

Why it matters

The deal with Amazon is a significant milestone for Snowflake, highlighting the growing demand for cloud-based AI compute services.

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Snowflake stock closed up 36% on Thursday, its best day ever, after the company boosted guidance and announced an AI compute deal with Amazon

5/29/2026, 2:42:46 AM

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