OpenAI signs a $38 billion deal with Amazon Web Services, shifting away from Microsoft as the exclusive cloud provider.

A triad of growth drivers and a long track record of operational excellence will ensure this company's admittance into an elite fraternity.

US stocks finished the first trading day of November mixed, with Big Tech names like Amazon (AMZN) and Nvidia (NVDA) rising near record-high levels, fueling a continued rally in the AI trade even as those gains weren't broadly distributed.

Analysts raise targets to $350 as orders hit $500B. Amazon secures GPUs for OpenAI in $38B deal. UAE export approved.

Nvidia was rising after Amazon added to the chorus of large cloud-computing companies saying demand for AI capacity outstrips supply

Amazon says the constraint right now is power, not chips; it’s giving plenty of the latter to OpenAI. Then, Amazon solves groceries by getting faster tat delivering everything else.

Broadcom stock sold off nearly 2%, extending a losing streak to three sessions and falling below a recent buy point at 363.24. Nvidia stock rallied 2.2%, closing further above a 184.48 buy point and closing just shy of last week's record highs.

Nvidia recently became the first company to reach a $5 trillion market cap. Amazon.com isn't the next-largest company, but it has a high probability of rapid growth. A combination of massive opportunities and a reasonable valuation could help propel Amazon to a higher market cap.