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Amazon closes at record after $38 billion OpenAI deal with AWS

  • On Monday, November 3, 2025, OpenAI announced a $38 billion multiyear partnership with Amazon Web Services to run advanced AI workloads using hundreds of thousands of Nvidia GB200 and GB300 GPUs in AWS data centres.
  • The restructuring allowed OpenAI last week to complete its for-profit conversion, removing Microsoft's first right of refusal and enabling purchases from other cloud providers.
  • The seven-year deal totals $38 billion in cloud services, with OpenAI using AWS immediately and planned capacity set to deploy before the end of 2026.
  • Amazon shares surged about 4.9% Monday, hitting an all-time high, and Jeff Bezos' net worth rose roughly $10 billion in one day.
  • Analysts warn OpenAI's dealmaking tops $1 trillion this year, fueling bubble concerns as U.S. AI infrastructure spending is projected to exceed $500 billion in 2026–2027.
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arcamax.com broke the news in on Monday, November 3, 2025.
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