Amazon shares rise 5% on the back of agreement with OpenAI 📈

Amazon (AMZN.US) announced that it had signed a multi-year, $38 billion contract with OpenAI to supply Nvidia (NVDA.US) chips, which immediately triggered a sharp market reaction — Amazon shares rose 5% before Wall Street opened, while Nvidia gained as much as 3% on the wave of positive sentiment surrounding the AI sector. Under the agreement, Amazon will provide Nvidia chip clusters to OpenAI for the next seven years, enabling a significant expansion of the company's computing power. OpenAI emphasizes that access to AWS, Amazon's cloud, will include hundreds of thousands of the latest GPUs from Nvidia, which will significantly improve the scale, performance, and security of AI solutions.

Amazon thus joins the ranks of OpenAI's key partners, alongside Microsoft, Oracle, and Google, offering advanced cloud services based on the most powerful GPUs on the market. OpenAI representatives announce that all new computing power will be implemented by the end of 2026 to meet the growing demand for generative models and AI systems. For Nvidia, this means another strategic move to secure the market for components for advanced AI applications, with its shares reaching new highs before the session. 

Source: Nasdaq