Amazon stock jumps on $38 billion deal with OpenAI to use hundreds of thousands of Nvidia chips
Update: 2025-11-03
Description
Amazon's stock surged after a $38 billion partnership with OpenAI, granting OpenAI access to Nvidia's AI chips via Amazon's cloud system. This deal, along with OpenAI's other tech partnerships, reflects the growing demand for AI computing power. OpenAI's new agreement with Microsoft allows it to become a for-profit public benefit corporation, potentially valuing it at $1 trillion. Meanwhile, Amazon's AI data center project and custom AI chips for Anthropic show tech leaders' bet on AI, promising an exciting future in the tech world.
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