Analyst revamps Amazon stock target after hitting new record

Amazon stock closed at a new all-time high of $254 on November 3, after the company revealed a deal with OpenAI. The $38 billion deal, which could continue to grow over the next seven years, allows OpenAI to use Amazon Web Services' infrastructure, with Amazon eventually building out additional dedicated infrastructure for the company. AWS is "to provide OpenAI with Amazon EC2 UltraServers, featuring hundreds of thousands of chips, and the ability to scale to tens of millions of CPUs for its advanced gen ...