Reuters
28 May 2026, 09:33 UTC · 2h ago
Source · https://www.reuters.com/business/retail-consumer/snowflake-jumps-enterprise-demand-data-offerings-drives-forecast-raise-2026-05-28/
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Snowflake signed a five-year AI infrastructure deal with Amazon Web Services valued at $6 billion. — A multi-billion dollar contract provides massive long-term revenue visibility and validates the company's AI strategy.
+0.85Snowflake raised its annual product revenue forecast. — Upward guidance directly signals stronger-than-expected growth and immediate fundamental improvement.
+0.60Snowflake shares rose 36% in premarket trading following these announcements. — Strong price action indicates immediate market validation and a shift in investor sentiment.
+0.30Ticker attribution
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Shares jumped 36% following a raised revenue forecast and a major $6 billion AI deal.
Secured a significant five-year AI infrastructure deal with Snowflake.
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