Amazon Stock Hits New All-Time High After $38B OpenAI Partnership

Benzinga

Amazon stock just broke a new all-time high after announcing a multi-year, $38 billion partnership between AWS and OpenAI. The deal makes AWS the backbone of OpenAI’s generative AI models, running on NVIDIA GB200 and GB300 chips inside Amazon EC2 UltraServers.  This follows Amazon’s strongest AWS growth in years — up 20% YoY to $33 billion in Q3. Analysts are calling AWS “the star of the show,” and Benzinga’s Edge Rankings agree, giving Amazon a Growth score of 92.99 with strong momentum and quality signals.

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00:00Amazon just hit a brand new all-time high and it's thanks to a billion-dollar AI partnership

00:05with OpenAI. Amazon shares jumped more than 4% in today's pre-market, reaching $255 after AWS

00:12announced a multi-year $38 billion deal to power OpenAI's most advanced AI models.

00:18OpenAI will run its generative AI workloads on AWS's infrastructure, including NVIDIA's GB200

00:25and GB300 chips, all housed in Amazon EC2 Ultra servers. AWS CEO Matt Garman called it the

00:34backbone for OpenAI's ambitions. This comes right after Amazon's blowout Q3 results.

00:39AWS grew 20% year-over-year to $33 billion, its fastest pace since 2022. Analysts already called

00:47AWS the star of the show. Benzinga's Edge rankings back it up, growth score at 92.99, strong momentum

00:54at 65.39 and quality at 65.79, signaling continued long-term upside. So what do you think? Is this

01:03AWS OpenAI partnership the key to Amazon's next trillion in market cap? Follow Benzinga for

01:08real-time news impacting the markets.

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