Amazon.com Inc. (NASDAQ:AMZN) Partners with OpenAI to Boost AI Capabilities

Font: Financial Modeling Prep  • Nov 03, 2025

• Wedbush sets a price target of $340 for Amazon (NASDAQ:AMZN), indicating a potential upside of 33.37%.
• The $38 billion agreement with OpenAI to use Amazon Web Services (AWS) infrastructure could significantly enhance AWS's position in the AI sector.
• Amazon's strategic partnership with OpenAI and its optimized AWS infrastructure for AI workloads are expected to drive the stock's growth.

Amazon.com Inc. (NASDAQ:AMZN) is a global leader in e-commerce and cloud computing services. Its Amazon Web Services (AWS) division is a major player in the cloud infrastructure market, competing with companies like Microsoft Azure and Google Cloud. AWS provides a wide range of services, including computing power, storage, and databases, which are essential for businesses worldwide.

On November 3, 2025, Wedbush set a price target of $340 for Amazon, suggesting a potential upside of 33.37% from its current price of $254.93. This optimistic outlook is supported by Amazon's recent $38 billion agreement with OpenAI. The deal allows OpenAI to use AWS's extensive infrastructure, including Nvidia GPUs, to enhance its AI capabilities, as highlighted by Investopedia.

The partnership with OpenAI is a strategic move for AWS, as it strengthens its position in the AI sector. OpenAI will utilize AWS's infrastructure to support its AI workloads, marking a shift from its previous reliance on Microsoft's cloud services. This collaboration is expected to boost Amazon's stock, which recently rose nearly 5% to around $255, setting a new record high.

AWS's infrastructure, optimized for AI inference and training, will support OpenAI's next-generation models. This includes access to Nvidia GPUs and Amazon EC2 UltraServers, designed for large-scale AI processing. The partnership underscores AWS's role in advancing AI technology, as noted by AWS CEO Matt Garman.

Amazon's market capitalization is approximately $2.72 trillion, with a trading volume of 69.28 million shares on the NASDAQ exchange. The stock's recent performance, reaching a high of $258.60, reflects investor confidence in Amazon's growth prospects, driven by strategic partnerships like the one with OpenAI.