In more good news for Amazon, Snowflake signs $6B deal with AWS for AI CPU chips - TechCrunch
Cloud
Snowflake crushed Q1 estimates, raised full-year guidance, and signed a $6B commitment to AWS for AI compute — sending SNOW surging ~30% in after-hours. The deal is a dual catalyst: it validates SNOW's AI monetization story while locking in incremental AWS revenue at scale.
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↔ PAIR-8% target+5% stop3-5 days post earnings gap
Fade SNOW's 30% gap-up open given 23 insider sells in 30 days and no published price target to anchor the move, while staying long AMZN as the infrastructure beneficiary with cleaner positioning.