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News  ›  Benzinga

Amazon Strikes $38B OpenAI Deal, Wedbush Hikes Target To Street-High

Benzinga Logo Benzinga By Erica Kollmann
Amazon Strikes $38B OpenAI Deal, Wedbush Hikes Target To Street-High

Amazon announced a $38 billion multi-year partnership with OpenAI to provide cloud computing infrastructure, with Wedbush analysts raising Amazon's price target to $340, signaling strong potential in AI cloud services.

Insights
NMHI   positive

Gained global rights to integrate advanced blockchain-based carbon credit tokenization technology, enhancing their environmental technology platform


AMZN   positive

Secured major AI infrastructure deal with OpenAI, received price target increase, showing strong growth potential in cloud services