Amazon's Stock Climbs to Fresh High on $38B Cloud Computing Deal With OpenAI

Core Insights - Amazon shares reached a record high following a $38 billion deal with OpenAI, with shares up nearly 5% to around $255 in recent trading [2][5] - The agreement allows OpenAI access to Amazon Web Services' (AWS) extensive resources, including hundreds of thousands of Nvidia chips, and is set to last for seven years [2][4] Company Developments - The partnership is expected to enhance the value of ChatGPT for millions of users by leveraging AWS's cloud infrastructure and OpenAI's advancements in generative AI [3][4] - Amazon's stock has increased close to 17% in 2025, primarily due to strong earnings from its cloud business and the recent deal with OpenAI [4] Industry Context - This agreement is part of a broader trend of multibillion-dollar AI infrastructure deals that have positively impacted stock prices across the tech sector, contributing to record highs in major U.S. stock indexes [4] - OpenAI's CEO emphasized that the partnership will strengthen the compute ecosystem necessary for advancing AI technology [4]