In today’s post:
Amazon Just Bet $6B On This 💰
Amazon Just Bet $6B On This 💰
Snowflake $SNOW ( ▼ 6.79% ) had the kind of week most CEOs only dream about.
The stock jumped nearly 37% after dropping news of a $6.0B, five-year partnership with AWS.
That's not a typo. Six billion dollars. Five years.
So what's going on here?
Investor sentiment flipped. Earlier this year, the market wasn't sure how AI would treat software companies like Snowflake. Friend or foe?
Turns out: friend.
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