Snowflake rockets 35% on earnings beat and plan to spend $6 billion on Amazon cloud
Snowflake is going deeper with Amazon's Web Services, and plans to use its Arm-based Graviton chips.

Snowflake is going deeper with Amazon's Web Services, and plans to use its Arm-based Graviton chips.
Meta confirmed Wednesday that it will begin testing two subscription plans for its AI offerings.
Zscaler has shed half its value over the last year.
The company is tapping Dr. Roy Schoenberg, a cofounder of telemedicine provider Amwell, to replace Lindsay.
The CFTC has argued it has exclusive authority to regulate the growing prediction market sector rather than state-by-state regulation.
Despite reports Iran could return the passageway to normal traffic flows within a month of a peace deal, Kalshi traders thought that was unlikely.
U.S. crude oil prices trim losses as traders assess whether U.S. is nearing a deal with Iran that would restore traffic in the Strait of Hormuz.
The rising threat of food insecurity is partly why Americans feel worse off than ever before, according to research by the Federal Reserve Bank of New York.
Mortgage rates rose to the highest level in nine months, hitting refinance demand hardest. Homebuyers also pulled back but were still more active than last year.
Republicans are struggling to find a clear message to battle high prices as President Trump pushes for funding for a White House ballroom.
The White House immigration hawk and deputy chief of staff is pointing the finger in the wrong direction when assigning blame for the federal budget deficit.
Trump also said the Strait of Hormuz, the vital oil-shipping route, is "going to be open to everybody."
Lamborghini CEO said the automaker's decision to kill its EV to focus on plug-in hybrid electric vehicles was "the right way to go" for his company.
A $20 billion deal would be among the largest in JPMorgan's history and could invite regulatory scrutiny given its position as the largest U.S. bank by assets.
Despite a 40% rally the past year – compared to 27% in the S&P 500 and 39% in the Nasdaq-100 – options traders look the most bearish on the Russell 2000.
AI stocks aren't the only place to put money to work, Jim Cramer said at the Investing Club's May Monthly Meeting.
A three-judge panel in Birmingham, Alabama, found that the state's proposed map of House districts was 'intentionally discriminatory."
Boeing CEO Kelly Ortberg said the company has met FAA requirements to ramp up its production of 737 Max aircraft to 47 per month.
Abercrombie & Fitch saw sales in Europe, Middle East and Africa decline by 10%, thanks in large part to the conflict in the Middle East.
Russia's State Duma has passed a law allowing certain financial institutions to operate anti-drone defense systems after attacks on its territory.
Britain and its allies face a “moment of consequence,” according to the head of its intelligence agency.
Amazon said it's already signed up Kate Spade as a customer for its AI shopping technology.
The drugmaker announced it will buy three privately held vaccine makers in deals worth almost $4 billion combined.
The new products allow customers to create AI assistants capable of carrying out investing strategies or spending instructions with minimal human involvement.