Carson Block

Founder, CEO and chief investment officer of Muddy Waters Capital, an activist investment firm known for short-selling research; Block is a frequent market commentator who has discussed AI’s potential to displace knowledge workers.

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