Snowflake (SNOW) and Amazon (AMZN) are key players in cloud data and analytics. The global cloud analytics market is projected to reach $130.63 billion by 2030, benefiting both companies. Snowflake reported a 125% net revenue retention rate and 19% customer growth. Amazon’s AWS revenue grew by 17.5% to $30.9 billion in Q2 2025.

Snowflake is expanding its portfolio with new capabilities like Cortex AI for Financial Services. Amazon’s AWS performance was boosted by major agreements with companies like PepsiCo and Airbnb. SNOW shares have surged 52.3%, outperforming AMZN’s 0.1% rally this year. Both stocks are currently overvalued.

Earnings estimates show SNOW with a 40.96% increase in fiscal 2026 earnings, while AMZN is expected to see a 22.24% increase in 2025 earnings. Despite SNOW’s strong portfolio, AMZN’s diversified AWS ecosystem gives it a more sustainable growth edge. Both stocks hold a Zacks Rank #3 (Hold) at present.

Read more at Nasdaq: Snowflake vs. Amazon: Which Cloud Data Stock Has an Edge Now?