Snowflake rockets 35% on earnings beat and plan to spend $6 billion on Amazon cloud
Sridhar Ramaswamy, CEO of Snowflake, poses in front of the company signage outside of the New York Stock Exchange on Sept. 30, 2025.NYSEAmazon said Wednesday that its cloud division has landed a $6 billion spending commitment from Snowflake, which includes the use of the company's custom silicon and chips for artificial intelligence. Snowflake's purchase of services and technology from Amazon Web Services will occur over five years, according to a press release about the agreement. Snowflake int...
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