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Snowflake stock soars 36% on AI deal with Amazon and raised guidance
Snowflake stock rises 36% after the company announces a $6 billion AI compute deal with Amazon and raises earnings guidance on artificial intelligence demand.
Samantha Subin / CNBC: Snowflake stock closed up 36% on Thursday, its best day ever, after the company boosted guidance and announced an AI compute deal with Amazon — Software stocks popped on Thursday after Snowflake said it plans to spend $6 billion on compute from Amazon and topped earnings estimates on artificial intelligence momentum.
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