On May 28, Snowflake surged 36.09% overnight, trading at $242.8 per share, with trading volume of $232,000.

On the news front, Snowflake announced a $6 billion five-year strategic partnership with Amazon Web Services and reported fiscal Q1 2027 results that significantly exceeded market expectations. Under the AWS agreement, Snowflake will adopt AWS Graviton processors and AI infrastructure to jointly accelerate enterprise-level AI deployment, averaging approximately $1.2 billion in annual AWS spending.

Financially, Snowflake posted adjusted earnings of $0.39 per share, well above the $0.32 consensus estimate, while revenue rose 33% year-over-year to $1.39 billion versus expectations of $1.32 billion. The company raised its full-year product revenue guidance to $5.84 billion from $5.66 billion, surpassing Wall Street estimates of $5.67 billion. Q2 product revenue guidance of $1.415–$1.420 billion also topped the $1.37 billion consensus. Additionally, Snowflake announced the acquisition of AI startup Natoma to further strengthen its AI capabilities.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)