
Amazon Stock Hits Record High After $38B OpenAI Deal
Amazon shares surged to a record high of $255 after the company announced a seven-year, $38 billion cloud computing deal with artificial intelligence firm OpenAI.
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Amazon shares surged to a record high of $255 after the company announced a seven-year, $38 billion cloud computing deal with artificial intelligence firm OpenAI.

Amazon's stock surged over 10% after its Q3 earnings beat expectations, driven by a surprise 20% growth in its AWS cloud division to $33 billion in sales.

Circle has launched the public testnet for Arc, its new Layer 1 blockchain network, with support from over 100 firms including BlackRock and Visa, aiming to create predictable stablecoin transactions.

A major Amazon Web Services outage in its Virginia data center caused widespread disruptions for banks like Navy Federal and fintechs like Chime on Monday.

Amazon's advertising division has become its most profitable segment, with 70% margins and 20% annual growth, now contributing over half of the company's operating income.