Amazon stock hit a record high on Nov. 3, 2025, after a $38 billion, seven-year deal with OpenAI for cloud infrastructure.

Amazon shares rose over 4% to a record high on November 3, 2025, fueled by a seven-year, $38 billion deal with OpenAI to provide cloud computing infrastructure. The agreement grants OpenAI access to AWS’s advanced data centers, including hundreds of thousands of Nvidia GPUs, to scale its AI workloads like ChatGPT. This marks OpenAI’s first major cloud partnership outside Microsoft, reflecting its push to diversify infrastructure amid rising demand for AI computing power. The deal follows strong third-quarter results, with AWS revenue up 20% and Amazon’s net sales reaching $180.2 billion, boosting investor confidence and adding nearly $140 billion to the company’s market value.