Snowflake (SNOW) Rebounds Hard: $6 Billion Amazon Deal and Raised Guidance Triggers Historic Post-Earnings Surge

Snowflake Inc. (SNOW) stock skyrocketed by over 38% to $241.95 following a massive Q1 earnings beat and a blockbuster $6 billion, five-year cloud agreement with Amazon Web Services (AWS). The company posted an adjusted EPS of $0.39 on revenue of $1.39 billion, crushing Wall Street estimates and easing industry-wide growth fears.

Management also raised its full-year product revenue guidance to $5.84 billion, signaling that its generative AI tools, like Snowflake Cortex, are successfully turning enterprise data into active monetization engines.

The primary catalyst for this historic surge is the massive AWS expansion, which positions Snowflake as a dominant infrastructure play for enterprise AI.

By securing cutting-edge Graviton hardware and deeper AI integrations, the partnership completely shifted investor sentiment from a sluggish software slowdown to an explosive AI inflection point. This momentum triggered massive short covering and prompted multiple Wall Street analysts to aggressively hike their price targets toward $300.