Snowflake shares soar 38% to 4-month high after raising sales outlook, Amazon deal

Wait 5 sec.

Snowflake's stock surged 76% month-to-date, recovering losses from the previous six months. A new $6 billion AWS deal and positive Q1 results boosted investor sentiment, driving shares to a four-month high of $240. The company raised its FY27 revenue guidance to $5.84 billion.