Amazon Stock Soars Following Major AI Deal with OpenAI

Amazon’s stock surged by 4.83% on November 3, 2025, reaching $256.01 following the announcement of a landmark $38 billion cloud services agreement with OpenAI. The seven-year deal gives OpenAI access to AWS infrastructure, including Nvidia’s advanced AI accelerators, enabling the ChatGPT creator to expand its artificial intelligence capabilities. This partnership signals a major shift in both companies’ strategic directions.