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Wajeeh Khan

A $6 Billion Reason Snowflake Stock Is Up Today

SNOW Snowflake Stock Amazon Amazon.com Inc. AWS

Snowflake (SNOW) stock charged higher on Thursday after the cloud data company announced a multi-year strategic infrastructure deal with Amazon (AMZN).

According to SNOW’s press release, it has committed to spending $6 billion on Amazon Web Services (AWS) over the next five years, helping joint customers worldwide build and deploy AI faster and more securely.

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