Alexandra Levine

Bloomberg News reporter covering technology, social media, and AI in New York; previously covered technology for Forbes and Politico and wrote as a columnist for The New York Times.

Snowflake Rally Reflects AI Demand More Than Amazon Deal

Bloomberg Technology framed Snowflake’s 34% stock surge less as a reaction to its $6 billion Amazon Web Services deal than as a repricing of its AI software position. Snowflake chief executive Sridhar Ramaswamy pointed to stronger product revenue, higher retention and adoption of tools such as Cortex, while Bloomberg’s Brody Ford argued the AWS agreement mainly helps answer how Snowflake can manage the infrastructure costs of building AI features.

Bloomberg TechnologyMay 28, 202612 min read