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Home/News Feed/Snowflake commits $6B to AWS, boosting AI chip use and reporting strong quarterly results.
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Snowflake commits $6B to AWS, boosting AI chip use and reporting strong quarterly results.

Company Fundamentals
27 May 2026
CNBC
View Source
Bullish
pluang ai news

Snowflake has agreed to spend $6 billion on Amazon Web Services over five years, expanding its use of AWS's custom Arm-based Graviton chips and AI-focused GPUs. This deal highlights AWS's growing role in AI infrastructure as Snowflake also reported strong fiscal first-quarter results, beating earnings and revenue expectations. The company forecasts continued growth with improved operating margins and is acquiring AI startup Natoma to enhance its AI capabilities. This partnership underscores the shift toward specialized chips in cloud computing to support advanced AI workloads.

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