Exclusive | Amazon Strikes $6 Billion Deal With Snowflake for Its Agentic Computing Chips - WSJ
Cloud
Snowflake has committed $6 billion to AWS for agentic AI computing infrastructure, a deal that coincides with a strong Q1 earnings beat and raised full-year guidance. The combination creates a near-term momentum setup in SNOW, though heavy insider selling and a stock already up ~30% on the day tempers the follow-through thesis.
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↔ PAIR+4% target-3% stop1-2 weeks post gap
Fade SNOW's gap-open euphoria into next week — 23 insider sells in 30 days, no disclosed price target, and a 30% single-day move screams sell-the-news; AMZN is the cleaner long on confirmed $6B committed cloud revenue.