This AI Infrastructure Stock Just Erased a Year of Losses in Sudden 40% Jump
BeInCrypto
Snowflake stock surged 40% after the company beat earnings expectations and announced a $6 billion infrastructure partnership with Amazon Web Services.Summary
Snowflake shares rose approximately 40% on May 28, 2026, effectively recovering its year-to-date losses following a strong earnings report that exceeded analyst expectations. The company reported $1.39 billion in quarterly revenue and raised its full-year guidance, solidifying its role as a critical data layer for enterprise AI. Additionally, Snowflake secured a significant $6 billion deal with Amazon Web Services to enhance its cloud infrastructure and announced the acquisition of Natoma to bolster its agentic AI capabilities.
(Source：BeInCrypto)