Pinterest gains after $4 billion cloud deal with Amazon

Pinterest

04/06/2026 15:18

** Image-sharing platform Pinterest's PINS.N shares rise 5.5% to $21.80 
** Co expands collaboration with Amazon Web Services, including a $4 bln commitment for cloud services through 2031  
** Amazon.com's AMZN.O cloud computing unit to provide PINS with its custom chip processors, including Graviton and Trainium, to help scale its AI initiatives
** AMZN up ~2% to $254.90
** YTD, PINS has fallen 15.8%, while AMZN has gained 10.4%

 (Reporting by Anhata Rooprai in Bengaluru)
 ((Anhata.Rooprai@thomsonreuters.com))