Amazon shares surged to a record high after striking a $38 billion cloud computing deal with OpenAI. The agreement grants OpenAI access to Amazon’s bank of Nvidia chips, boosting Amazon’s stock by close to 5% to around $255. This deal marks a trend of multibillion-dollar AI infrastructure deals. CEO’s of both companies expressed excitement about the partnership, with Amazon shares up 17% in 2025.

Read more at Yahoo Finance: Amazon’s Stock Climbs to Fresh High on $38B Cloud Computing Deal With OpenAI