While the focus is on Snowflake, the piece explicitly connects Snowflake’s AI/data platform strategy and reported economics to Amazon’s involvement (AWS chips/partnership). This could support short-term investor sentiment around AMZN’s AI/cloud beneficiaries, but it is not direct, company-issued AMZN news.
Jim Cramer Notes “Snowflake Understands the Transition to AI” Syeda Seirut Javed Mon, June 1, 2026 at 7:33 PM GMT+2 2 min read SNOW AMZN ANTH. PVT Snowflake Inc. (NYSE: SNOW ) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners .
Cramer noted the company’s AI journey, as he remarked: Let’s dive into how Snowflake dazzled so brightly just all session. How did it do it? Okay, as CEO Sridhar Ramaswamy explained on our show last night, the company figured out how to pivot from plain old software to a terrific amalgam of software and artificial intelligence supported by partnerships with Anthropic, which, by the way, just announced today that it raised $65 billion at a post-money valuation of $965 billion.
How incredible is that? It’s also partnered with OpenAI and then the web services of Amazon. With its quarter last night, Snowflake gave the latter $6 billion to have Amazon’s homemade chips.
That’s right, Amazon isn’t giving Snowflake $6 billion; Snowflake will be giving $6 billion to Amazon. And that was a huge part of the positive story. It showed you that Snowflake understands the transition to AI.
They get it. I like that. Stock market data.
Photo by Photo by Alesia Kozik Snowflake Inc. (NYSE:SNOW) provides a cloud platform that helps organizations pull their data into one place so they can analyze it, build data apps, share information, and use AI to solve business challenges. While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News .
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