Amazon Just Landed a $38 Billion OpenAI Deal
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OpenAI (PC:OPAIQ) has signed a new $38 billion agreement with Amazon Web Services ($AMZN) for cloud services over seven years. The deal will
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Why Amazon (AMZN) Stock Is Up Today
Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) jumped 4.9% in the afternoon session after the company announced a landmark $38 billion, multi-year cloud services agreement with OpenAI,
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OpenAI's recent swath of deals totals hundreds of billions, and Nvidia stands as major benefactor
OpenAI's (OPENAI) deals over the past month with the who's who of tech giants have swollen to hundreds of billions of dollars.
Amazon ($AMZN) stock rose 4% on Monday, as investors cheered a $38 billion multi-year deal with OpenAI (PC:OPAIQ). Under this partnership, OpenAI
Wall Street is looking to keep up a rally that raged throughout October, when investors piled into growth and AI-linked names, with Big Tech and the "Magnificent Seven" leading market moves. Optimism around easing US-China trade tensions also fueled gains.