Amazon.com Inc (AMZN)
Amazon stock jumps 5% premarket after OpenAI announces $38 billion AWS partnership
OpenAI announced a multi-year $38 billion partnership with Amazon on Monday, its first major cloud computing deal since striking a new agreement with Microsoft that gave it more flexibility. OpenAI will use Amazon's AWS "to run and scale OpenAI's core artificial intelligence (AI) workloads starting immediately.
OpenAI signs $38 billion compute deal with Amazon, partnering with cloud leader for first time
OpenAI has signed a $38 billion deal with Amazon Web Services, and will immediately start accessing Nvidia's graphics processing units. It's one of OpenAI's biggest moves away from Microsoft, which was the company's exclusive cloud provider until earlier this year.
OpenAI Signs $38 Billion Cloud Computing Deal With Amazon
After signing agreements to use computing power from Nvidia, AMD and Oracle, OpenAI is partnering with the world's largest cloud computing company.
OpenAI, Amazon Sign $38 Billion Cloud Deal
The seven-year agreement is the companies' first computing partnership and is part of Amazon's efforts to grow its cloud business.
Amazon: Disbelieving Buyers Are Late Yet Again (Rating Downgrade)
Amazon showcased the strength in the reacceleration of AWS, with >20% revenue growth and robust AI chip initiatives driving its cloud leadership. AMZN's e-commerce and advertising engines remain formidable, with automation and robotics poised to enhance margins and competitive edge. Despite AWS momentum, e-commerce's lower margins keep free cash flow under pressure, plausibly printing below 10% through 2027, tempering valuation optimism versus peers.
Milestones Administradora de Recursos Ltda. Decreases Holdings in Amazon.com, Inc. $AMZN
Milestones Administradora de Recursos Ltda. trimmed its position in Amazon.com, Inc. (NASDAQ: AMZN) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 256,650 shares of the e-commerce giant's stock after selling 7,065 shares during the period. Amazon.com comprises approximately 19.3% of Milestones Administradora de Recursos Ltda.'s
Amazon has over a million robots in its Fulfillment Network: CEO 🤖
About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (Click Here or Android (Click Here - Follow Yahoo Finance on social: X: Click Here Instagram: Click Here TikTok: Click Here Facebook: Click Here LinkedIn: Click Here
Amazon's in-house chip strategy helps drive stock to new record on cloud beat
CNBC's MacKenzie Sigalos reports on Amazon's blowout quarter and CEO Andy Jassy's push to make AWS the backbone of the AI economy.
Wall Street analyst updates Amazon stock price after Q3 earnings
A Wall Street analyst has issued a bullish outlook on Amazon (NASDAQ: AMZN) stock as the equity rides strong momentum following its impressive third-quarter earnings.
Amazon lifts markets to close out another winning week and month
Amazon is leading the U.S. stock market on October 31 to the finish of another winning week and month.
How Amazon flipped the script on a challenging week
Amazon had a roller coaster week. It started with layoffs on Tuesday; by Thursday, Wall Street was cheering.
Amazon stock hits record, lights up ETFs
Amazon's cloud business knocked it out of the park and CEO Andy Jassy hinted that the unit is gaining momentum heading into the next few months giving him 'significant confidence' he said.
