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Snowflake Announces $6B AWS Infrastructure Commitment Alongside Revenue Beat — Stock Surges 46% in Two Sessions
Snowflake announced a $6 billion, five-year infrastructure commitment with AWS on May 27, paired with a revenue beat that sent shares up 46% across two trading sessions. The deal signals that data infrastructure companies are the clear beneficiaries of the AI agent buildout — every enterprise deploying agents needs somewhere to store, query, and process the data they generate. Snowflake's recovery from SaaSpocalypse lows exemplifies the infrastructure-over-application pattern defining this market cycle.
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