Snowflake stock closed up 36% on Thursday, its best day ever, after the company boosted guidance and announced an AI compute deal with Amazon (Samantha Subin/CNBC)

May 30, 2026 - 04:26
Updated: 14 hours ago
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Snowflake stock rose 36% on its best day ever after boosting guidance and announcing a $6B AI compute deal with Amazon.

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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