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Today is Thursday, May 28, 2026.
The Early Bird Index today is 89.44.
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AWS Just Bet $6B on Snowflake ❄️
Data platform Snowflake $SNOW ( ▼ 1.32% ) surged 37.51% in after-hours trading on Wednesday after reporting strong financial earnings results and an expanded tech partnership.
Financials: Snowflake reported earnings of 39 cents per share in the past quarter and revenue of $1.39 billion. Both were better than expected.
Quote: “AI continues to be a powerful tailwind for Snowflake.” - CEO Sridhar Ramaswamy.
Powering the Story: Also on Wednesday, Snowflake expanded its partnership with Amazon $AMZN ( ▲ 2.47% ) by committing to spending $6 billion with AWS over multiple years.
Early Bird’s Nest Egg Gains: The $6 billion AWS commitment is proof that demand is accelerating, especially for AI, and it’s a powerful endorsement from AWS.
Final Thoughts: These results were a reward for Snowflake investors who stuck around after the stock lost 19% of its value in early 2026.
Defense Spending Is Surging. Here's Where It's Going.
Global defense budgets are expanding, but the allocation has changed. A growing share of spending is going toward AI-enabled systems, satellite networks, and advanced aerospace, not the platforms that dominated the last generation of procurement. We identified five companies at the center of this reallocation in a single research brief. Inside, you'll find the investment case for each, the contracts driving revenue, and the risks worth understanding before you commit capital. If you want exposure to defense sector growth beyond the traditional mega-caps, this report is a practical starting point. Free, concise, and built for investors who want to move ahead of the crowd.
Notables
Notable Earnings Today: Dollar Tree (Nasdaq: DLTR), Dell (NYSE: DELL), MongoDB (Nasdaq: MDB), Costco (Nasdaq: COST), Kohl's (NYSE: KSS), NetApp (Nasdaq: NTAP), Gap (NYSE: GAP), Autodesk (Nasdaq: ADSK), American Eagle (NYSE: AEO), Asana (NYSE: ASAN), Li Auto (Nasdaq: LI), Best Buy (NYSE: BBY), Photronics (Nasdaq: PLAB), UiPath (NYSE: PATH), Hormel Foods (NYSE: HRL), Burlington Stores (NYSE: BURL), Weibo (Nasdaq: WB), SentinelOne (NYSE: S), Okta (Nasdaq: OKTA), CIBC (NYSE: CM), Elastic (NYSE: ESTC), Ambarella (Nasdaq: AMBA), Arbe Robotics (Nasdaq: ARBE), Autohome (NYSE: ATHM), Futu Holdings (Nasdaq: FUTU), HealthEquity (Nasdaq: HQY), PagerDuty (NYSE: PD), Royal Bank of Canada (NYSE: RY), Toronto-Dominion Bank (NYSE: TD), XPeng (NYSE: XPEV).
Notable IPOs Today: Apogee Acquisition Corp Class A Ordinary Shares (Nasdaq: AACP), Innovative Digital Investors Acquisition Corp. Unit (Nasdaq: IDIAU), ACP Holdings Acquisition Corp. Class A Ordinary Shares (Nasdaq: ACGC).
Notable Equity Crowdfunding Campaigns Ending Today: Auraluminous (Honeycomb), Anime Night (Honeycomb).
Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), GDP (8:30 a.m. ET), Durable Goods Orders (8:30 a.m. ET), Core PCE Price Index / PCE Price Index (8:30 a.m. ET), Personal Spending (8:30 a.m. ET), New Home Sales (10:00 a.m. ET), Crude Oil Inventories (10:30 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).
Salesforce's Mixed Outlook
Gif by salesforce on Giphy
Despite posting good financial earnings results on Wednesday, Salesforce $CRM ( ▼ 0.88% ) fell 1.23% in after-hours trading.
Financials: Salesforce reported earnings of $3.88 per share in the past quarter and revenue of $11.1 billion. Both were better than expected.
Powering the Story: While the company raised its full-year outlook, investors were not pleased with the current quarter outlook.
Final Thoughts: Salesforce is down over 30% this year.
Marvell Beats, But the Stock Falls
Marvell Technology $MRVL ( ▼ 4.59% ) fell 1.39% in after-hours trading on Wednesday, even though the company posted good financial earnings results.
Financials: Marvell reported earnings of 80 cents per share in the past quarter and revenue of $2.418 billion. Both were better than expected
Final Thoughts: The stock was already up 122% in 2026.
Trends to Watch
Robots Picking Stocks: Your AI agent can now trade for you on Robinhood. And buy stuff with your credit card too (CNBC)
Paying for Social Media: Meta launches Instagram, Facebook, and WhatsApp subscriptions, with more to come, including AI plans (TechCrunch)
No Liftoff: SpaceX’s Starship rockets are grounded pending investigation after test flight (Associated Press)
Under Pressure: Ether bears at risk of $2B squeeze as short positions build around $2K (Cointelegraph)
Stable Life: Cash App lets users send USDC stablecoins on chains like Solana and Ethereum (The Block)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.
