Why Amazon (AMZN) Stock Is Up Today
Update: 2025-11-03
Description
Amazon's stock surges after announcing a $38 billion, seven-year partnership with OpenAI, marking a significant win for Amazon's cloud business. The deal allows OpenAI to use Amazon Web Services (AWS) for scaling AI projects, boosting investor confidence and driving Amazon's market value up by nearly $140 billion in a single day. This move underscores Amazon's commitment to AI infrastructure and sets the stage for more tech giants to invest in AI.
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