Amazon's Stock Climbs to Fresh High on $38B Cloud Computing Deal With OpenAI
Update: 2025-11-03
Description
**Summary:**Amazon's stock surged to an all-time high after announcing a $38 billion partnership with OpenAI, the creators of ChatGPT. This seven-year deal grants OpenAI access to Amazon Web Services' Nvidia chips, accelerating AI development and enhancing user experience. The partnership, hailed as a significant step forward, is expected to unlock new possibilities and reach more people worldwide. Amazon's strong year, with a 17% stock increase, was further boosted by the OpenAI announcement, highlighting the growing importance of cloud computing and AI in our daily lives.
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