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Amazon stock jumps 5% premarket after OpenAI announces $38 billion AWS partnership

1. OpenAI partners with Amazon on a $38 billion multi-year deal. 2. The partnership focuses on AI workloads using AWS services. 3. Amazon's shares rose over 5% in pre-market following the announcement. 4. Continued growth of the partnership is projected over seven years.

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FAQ

Why Bullish?

The partnership enhances AMZN's competitive edge in AI, potentially driving revenue growth. Historical trends show similar partnerships have led to stock price increases.

How important is it?

The collaboration with OpenAI is crucial for AMZN's growth in AI, indicating high significance for investors.

Why Long Term?

The projected seven-year growth signifies sustained positive impact, similar to long-term technology collaborations.

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