Snowflake surges 35% toward best day ever on AI frenzy, fueling software rally
Gadget-uri
Software stocks popped on Thursday after Snowflake said it plans to spend $6 billion on compute from Amazon and topped earnings estimates on artificial intelligence momentum. Shares of the software maker surged 35% and headed for its best day ever. The company is expanding its use of Amazon's in-house chips for AI. Along with the announcement, Snowflake topped Wall Street's fiscal first quarter adjusted earnings per share and revenue expectations. Finance chief Brian Robins told analysts on
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