BUSINESSMay 27 · 20:56 UTCCNBC TOP

Snowflake rockets 35% on earnings beat and plan to spend $6 billion on Amazon cloud

Snowflake's stock surged 35% after the company reported better-than-expected earnings and announced a $6 billion investment in Amazon Web Services, including the use of AWS's Arm-based Graviton chips.

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SnowflakeorganizationAmazon Web ServicesorganizationGraviton chipstopicArm-basedtopic$6 billiontopicearnings beattopicstock surgetopic

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