Editor Oninvest

OpenAI, which created the ChatGPT artificial intelligence, <a href="https://openai.com/index/aws-and-openai-partnership/">has entered into a</a> multi-year strategic partnership with Amazon Web Services cloud service. Its volume is estimated at $38 billion.

According to an OpenAI announcement, AWS cloud capacity will be used to power and scale OpenAI's artificial intelligence. The ChatGPT developer will have access to "hundreds of thousands" of Nvidia graphics processing units (GPUs), expandable to "tens of millions" of central processing units (CPUs).

Amazon shares jumped more than 5% on the pre-market - the value of shares reached almost $258. If such dynamics continues after the opening of the main trades, the securities will set a new record for the entire time of circulation on the stock exchange.

<i>This article was AI-translated and verified by a human editor</i>

Amazon.com, Inc.

Global online commerce giant Amazon <a href="https://ir.aboutamazon.com/news-release/news-release-details/2025/Amazon-com-Announces-Third-Quarter-Results/default.aspx">reported</a> a 20% increase in revenue for its Amazon Web Services cloud business in the third quarter. This became the best dynamics in almost three years. Amazon shares rose about 14% on the premarket after the report was published.

Amazon's cloud business posted its best revenue growth in nearly three years. Shares soared

After the opening of the main trades in the U.S. on October 31, Amazon quotes soared more than 12% to $250.5. This became their new all-time high for the entire time of circulation on the Nasdaq exchange.

Amazon shares hit a record after the report. They are no longer the worst in the G7

Last week there was a <a href="https://aws.amazon.com/ru/message/101925/">failure</a> on Amazon's servers, which had global consequences: it brought down the work of many large sites and companies for some time. The event clearly showed how much the modern world depends on cloud services, usually invisible to the user, that rent computing power and programs over the Internet. But the AI boom is moving us even further in that direction, sparking a veritable <a href="https://oninvest.com/article/cto-kopaet-glava-openai-sem-al-tman-ekonomiceskij-rov-ili-mogilu">fever of</a> building new cloud data centers. Which may not be needed in such large numbers.

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Tesla, Inc.

Meta Platforms, Inc.

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OpenAI signed a $38 billion agreement with Amazon. Shares of the marketplace continued to rally