Amazon-OpenAI $38B deal sparks AI stock rally
November is traditionally a strong month for the stock market, and the beginning of this month saw growth in the technology sector. A large-scale $38 billion contract between Amazon and OpenAI was the catalyst, increasing investor interest in artificial intelligence (AI) companies.
Under the terms of the agreement, the developer of ChatGPT will use Amazon Web Services (AWS) cloud capabilities, including hundreds of thousands of Nvidia graphics processing units, until 2032. Against the backdrop of this news, Amazon shares rose 4%, and the Magnificent Seven index, a group of seven major technology companies, added 1.2%, reflecting market confidence in the potential of the AI sector.
Details of the largest deal of 2025
OpenAI’s contract with AWS is designed to meet the growing demand for computing power for AI. Specifically, Nvidia graphics processing units, including the latest GB200 and GB300 accelerators, will be used to generate ChatGPT responses and train new models.
The deal is further confirmation of OpenAI’s transformation from a research lab to a global leader in AI. The company has already announced plans to invest $1.4 trillion in infrastructure, chips and data centres, raising concerns about a possible investment bubble, according to Bloomberg.
For Amazon, which previously lagged behind its competitors in the AI segment, the agreement with OpenAI was recognition of its ability to manage large-scale data centres. ‘AWS infrastructure will be the foundation for OpenAI’s ambitions in AI,’ said AWS CEO Matt Garman.
On the news, Amazon shares rose 4.5% to $255.29, while Nvidia shares rose 3.3% to $209.20.
OpenAI expands cooperation with cloud giants
Other cloud providers, Microsoft Azure, Oracle, Google Cloud and CoreWeave, have already signed contracts with OpenAI. Microsoft, the largest investor, recently secured a $250 billion agreement, Oracle a $300 billion agreement, and CoreWeave a $22.4 billion contract. The agreement with Google also includes the supply of 1 million specialised chips for Anthropic, a start-up founded by former OpenAI employees.
According to Bloomberg Intelligence analysts, connecting to AWS will allow OpenAI to reduce the load on smaller suppliers such as CoreWeave and accelerate its international expansion by leveraging Amazon’s global network of data centres.
Anthropic and new data centres
Amazon is also one of the largest investors in Anthropic. Last week, the company announced the launch of a data centre built specifically for the start-up and equipped with Trainium2 chips, AWS’s proprietary AI solution. Anthropic’s partnership with Google, signed in October, is estimated to be worth tens of billions of dollars.
According to OpenAI CEO Sam Altman, scaling advanced AI requires reliable computing resources. The partnership with AWS strengthens the ecosystem that will drive a new era of AI and increase its accessibility.
Expert on the impact of AI on iGaming
In an exclusive interview with SiGMA News, EvenBet Gaming CEO Dmitry Starostenkov commented on the impact of AI on the iGaming industry. According to him, tech giants such as Google and OpenAI will dominate at the platform solution level, but they are not seeking to cover all industry niches.
‘A new ecosystem is forming today: large players provide the basic infrastructure, mid-level companies provide specialised intermediate software, and start-ups focus on narrow segments. This multi-level approach opens the way for innovation for small companies, especially in niche areas of gaming. The future will not be monopolised; it will be built on cooperation,’ Starostenkov noted.
Speaking about the practical application of AI in the gambling industry, he emphasised the dual nature of the technology. On the one hand, AI helps identify vulnerable players, prevent excessive losses, and provide a safer gaming environment. On the other hand, in a behavioural economy, algorithms can be used to manipulate users into spending more than they planned.
‘It is important to implement control mechanisms and use AI in the interests of players. Ultimately, the industry will have to find a balance between commercial success and the principles of responsible gaming,’ concluded the head of EvenBet Gaming.
This article was first published in Russian on 4 November 2025.
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