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Amazon Strikes $38B OpenAI Deal, Wedbush Hikes Target To Street-High

2025-11-04 8 Dailymotion

Amazon.com (NASDAQ:AMZN) shares climbed Monday after the company announced a $38 billion multi-year partnership with OpenAI for AWS to provide computing infrastructure to support OpenAI's artificial intelligence workloads. <br /><br />Wedbush analysts Dan Ives and Scott Devitt raised the price target on Amazon stock from $330 to a Street high of $340 based on the new partnership. Here's a look at what they highlighted in the note.

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