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The Rundown
Dell Soars as AI Sales Explode 757%, Anthropic Passes OpenAI in Valuation

I think it helped that the software company Snowflake dropped blowout earnings, pushing its stock up 36%, and that lit a fire under the whole sector.

CommSec Market Update
AM 29 May 26: Wall Street set to push ASX higher

Snowflake soared 37% after the data analytics firm lifted its annual product revenue forecast and announced a five-year AI infrastructure deal worth US$6 billion with Amazon.

Motley Fool Hidden Gems Investing
Snowflake Has a Hot New Product

So we'll be taking a look at Snowflake in the weeks and months ahead.

Motley Fool Hidden Gems Investing
Snowflake Has a Hot New Product

Yeah, I think that Travis's point about the adjusted and the unadjusted numbers for Snowflake are well taken.

Motley Fool Hidden Gems Investing
Snowflake Has a Hot New Product

But after these results, I would consider a starter position in my portfolio in Snowflake.

Motley Fool Hidden Gems Investing
Snowflake Has a Hot New Product

So like I said, there's certainly a good case to be made for buying a hyperscaler, but I think I'd be inclined to take a closer look at Snowflake here.

Motley Fool Hidden Gems Investing
Snowflake Has a Hot New Product

The Amazon deal shows that Snowflake is seeing massive and long tail demand for its data products.