Snowflake Jumps Most Since 2020 After Amazon Deal
Bloomberg Tech
Bloomberg
4.4 • 69 Ratings
🗓️ 28 May 2026
⏱️ 46 minutes
🧾️ Download transcript
Summary
Bloomberg’s Caroline Hyde and Ed Ludlow break down Snowflake's share moves after the software maker gave a strong outlook and signed a $6 billion deal with Amazon. Plus, Bloomberg News pulls back the curtains on Apple's revamped Siri design ahead of its WWDC debut. And, Meta introduces paid chatbot subscriptions to help offset its AI infrastructure costs.
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| 0:00.0 | The Bloomberg Sustainable Business Summit returns to Singapore on July 22nd. |
| 0:04.6 | Our fifth annual Asia Pacific Summit will explore how business and finance leaders are shaping the next phase of globalization by strengthening resilience, advancing climate adaptation and driving a multi-speed energy transition across Asia's diverse markets. |
| 0:20.1 | Join us for solutions-driven discussions, |
| 0:22.6 | interactive workshops and networking opportunities. Learn more at Bloomberg Live.com |
| 0:27.4 | slash SBS-S-Singapore. |
| 0:31.9 | Bloomberg Audio Studios, Podcasts Radio Studios. Podcasts, Radio News. |
| 0:48.8 | Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Lovelow in San Francisco. |
| 0:52.4 | This is Bloomberg Tech. |
| 0:54.2 | Coming up, Bloomberg News pulls back the curtains on Apple's revamp Siri design ahead of its WWDC debut. |
| 1:02.0 | Plus Snowflake jumps the most since 2020 after the software maker gave a stronger outlook and signed a $6 billion deal with Amazon. |
| 1:08.9 | We'll hear from the CEO. |
| 1:10.9 | And Meta introduces paid chatbot subscriptions to help offset its AI infrastructure costs. |
| 1:16.2 | First, we look at infrastructure and how actually an infrastructure deal with Amazon is helping summon the narrative around Snowflake. |
| 1:23.0 | Extraordinary move. |
| 1:24.0 | The biggest jump in the stock since 2020. |
| 1:26.7 | We're looking at 34% gain after a 34% gain in product revenue for this company. |
| 1:31.3 | It was a beat, it was a raise, and there's real acceleration in people using their AI coding tool in particular. |
| 1:38.3 | $22 billion added in market cap, so much to digest today, Ed. |
| 1:42.3 | A lot of news headlines this morning. |
| 1:44.9 | One coming from the information that Microsoft next week is going to introduce a coding model, |
| 1:51.1 | a model focused on coding, a marketplace we've covered so much of late. |
| 1:54.8 | The stock off session highs, but we saw gains three and a half, almost four percent. |
... |
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