Snowflake surged 30% on strong Q1 results and announced a $6 billion spend with Amazon on cloud infrastructure and Graviton chips. The commitment underscores demand for scalable data platforms as enterprises scale AI workloads.
The partnership signals confidence in Graviton's viability as a cost-effective alternative to standard x86 processors for data-intensive workloads, and reinforces Snowflake's position as a go-to platform for enterprise AI pipelines.