New Delhi, May 28 -- Shares of Snowflake climbed sharply on Thursday, 28 May, after the data analytics firm raised its annual product revenue forecast and announced a five-year AI infrastructure deal worth $6 billion with Amazon Web Services (AWS).

The stock opened the session with a massive gap-up at $237 per share compared to the previous close of $175.26. The momentum further strengthened during the session, with the stock hitting a four-month high of $240 apiece, marking a 38% jump from Wednesday's closing level.

If the gains sustain through the close, today's rally would mark the stock's biggest single-day surge in five years.

Along with its Q1 results, Snowflake also announced an additional $6 billion commitment to Amazon Web Ser...