Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to have you here on this Thursday, May 28th. I'm Julie Morgan.

Snowflake is up 35% in pre-market action. Snow skyrocketed after reporting its first quarter fiscal 2027 earnings

post-market on Wednesday. For the quarter ended April 30th, Snowflake reported adjusted earnings

per share of 39 cents versus the consensus estimate of 32 cents. Revenue for the first quarter

increased 33% year-over-year to 1.39 billion,

which was more than the $1.32 billion estimate. For the quarter in progress, Snowflake expects

product revenue to range from $1.415 to $1.42 billion, which clears the $1.38 billion estimate.

And for the entire fiscal year, Snowflake increased its revenue guidance to $5.84 billion,

which is more than the estimate of $5.68 billion.

Snowflake also revealed its plan to acquire Natoma, which will help provide more AI connectivity for enterprise customers. In addition, Snowflake entered into a deal with Amazon Web Services to purchase $6 billion in Graviton compute and AI spend on AWS over five years, which reflects accelerated demand for data and AI workload.

A software engineer at Google is facing federal fraud charges for allegedly using insider

information to pocket $1.2 million.

Prosecutors claim that the staff information security engineer at Google used confidential

information to place trades correctly on the betting platform polymarket. The bet was that singer David

would be Google's most search person in 2025. The employee has been charged with money laundering,

commodities fraud, and wire fraud.

Ohio will pause incentives for future data center projects while lawmakers assess the industry's

impact on the state economy. The pause is not a complete ban, but a suspension of requests from

facilities for state tax breaks.

Data centers that have previously been granted these tax breaks in Ohio

reported a total capital investment of $27.2 billion in 2025.

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