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Why Did Amazon Stock Jump 5% Today?

The Motley Fool Logo The Motley Fool By Johnny Rice
Why Did Amazon Stock Jump 5% Today?

Amazon's stock rose 5% after securing a $38 billion cloud computing services deal with OpenAI, which will utilize AWS servers and hundreds of thousands of Nvidia chips to power its AI models.

Insights
AMZN   positive

Secured a major $38 billion cloud computing contract with OpenAI, expanding AI computing capacity and demonstrating continued growth in cloud services