Amazon(US:AMZN) 中国基金报·2025-11-03 15:33Core Insights - Amazon has signed a $38 billion agreement with OpenAI to support its extensive computing needs, marking a significant partnership in the AI sector [2][3][4]. Agreement Details - The seven-year agreement involves Amazon Web Services (AWS) providing OpenAI with access to hundreds of thousands of Nvidia GPUs [4][5]. - OpenAI plans to invest $1.4 trillion in infrastructure for building and operating its AI models, raising concerns about potential investment bubbles [4]. Market Impact - Following the announcement, Amazon's stock price surged by 5% in pre-market trading, reflecting positive market sentiment [6][7]. - The deal is seen as a validation of Amazon's capabilities in building and operating large-scale data center networks [4][6]. Competitive Landscape - OpenAI's major investors include Microsoft, which has committed an additional $250 billion to its Azure cloud services for OpenAI [4]. - Oracle has also signed a $300 billion data center agreement with OpenAI, while Google Cloud is providing computational support for ChatGPT [4].