Shweta Khajuria

Managing Director, Global Internet at Wolfe Research, where she covers internet and technology companies as an equity research analyst; she is a public market commentator on AI monetization, Meta, subscriptions, capex, and related revenue streams.

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