Amazon jumps after $38 billion AWS deal with OpenAI
ReutersNov 3, 2025 2:29 PM
Shares of Amazon AMZN.O up 4.86% at $255.99 premarket after $38 bln cloud deal between OpenAI and AWS
AMZN to supply OpenAI with AWS computing services powered by hundreds of thousands of Nvidia NVDA.O GPUs to train and run AI models
OpenAI will begin using AWS immediately; all planned capacity to be deployed by end-2026, with room to expand into 2027 and beyond
Deal marks one of OpenAI's first major moves post-restructuring; Reuters reports co is laying groundwork for IPO that could value it at up to $1 trln
AI sector's trillion-dollar spending spree raises concerns over potential bubble amid surging valuations and infrastructure commitments
AMZN stock up 11.32% YTD, as of last close
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