AI Has Caused a Software Winter for Markets. Snowflake’s Success Won’t End It. - Barron's
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- Snowflake saw its shares jump 36% in a single day, marking its highest‑ever intraday gain amid heightened AI‑driven market enthusiasm.
- Amazon entered a $6 billion agreement with Snowflake to supply agentic computing chips for its cloud services.
- Barron's argues that AI has ushered a software winter for equity markets, yet Snowflake’s surge shows the downturn may not be universal.
Why it matters: Investors in Snowflake see a 36% gain, while rival software firms risk missing AI‑fueled rally; Amazon secures $6 billion of Snowflake chips, accelerating its AI‑cloud rollout.
