Snowflake Soars 33% on $6 Billion AWS Deal and Q1 Earnings Beat

4 articles · Updated · CNBC · May 27

Snowflake jumped 33% in extended trading after unveiling a plan to spend $6 billion on Amazon Web Services over five years and posting stronger-than-expected first-quarter results.
Adjusted earnings came in at 39 cents a share on $1.39 billion in revenue, topping LSEG estimates for 32 cents and $1.32 billion.
The move stood out in a mixed after-hours session: Agilent rose 11% and nCino gained 11%, while Braze fell 12%, American Superconductor dropped 10% and Everpure lost more than 6%.
Other cloud and chip names were more muted despite beats or upbeat outlooks, with Nutanix up 3%, Marvell down more than 1%, Salesforce slightly lower and Synopsys off 1%.

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