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Amazon stock jumps on $38 billion deal with OpenAI to use hundreds of thousands of Nvidia chips
Amazon (AMZN) stock jumped roughly 5% Monday morning after the company announced a $38 billion deal with OpenAI (OPAI.PVT) for the ChatGPT developer to access hundreds of thousands of Nvidia's (NVDA) AI chips through its cloud computing infrastructure.
Under the partnership, OpenAI will run its AI workloads on Nvidia’s GPUs (graphics processing units) housed within Amazon’s AI servers. The companies said OpenAI would immediately start using AI infrastructure provided by Amazon’s cloud segment, Amazon Web Services, scaling to the full computing capacity outlined in the deal before the end of 2026.
The move is just the latest in OpenAI’s string of deals with cloud providers and chipmakers. OpenAI also has a $300 billion deal with Oracle (ORCL) and agreements with AI data center provider CoreWeave (CRWV) worth more than $22 billion. The AI developer recently announced agreements with Broadcom (AVGO), AMD (AMD), and Nvidia (NVDA).
AWS and OpenAI announce multi-year strategic partnership
Partnership will enable OpenAI to run its advanced AI workloads on AWS’s world-class infrastructure starting immediately.
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