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Why Did Amazon Stock Jump 5% Today?

TheMotleyFool

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Why Did Amazon Stock Jump 5% Today?: https://g.foolcdn.com/editorial/images/841194/amzn.jpg

Shares of Amazon (NASDAQ: AMZN) jumped on Monday, finishing the day up 5%. The move higher came as the S 500 gained 0.1% and the Nasdaq Composite rose 0.4%.

The tech behemoth inked a major deal to provide OpenAI with $38 billion worth of artificial intelligence (AI) computing capacity.

Announced this morning, the deal is the first between OpenAI and what is already the largest cloud computing provider in the world. OpenAI will begin using Amazon Web Services (AWS) servers immediately, making use of hundreds of thousands of Nvidia chips to power its AI models.

Source Fool.com

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