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Market Impact: 0.25

Amazon's OpenAI deal will drive AI revenue growth, stock upside, Citi says

AMZNC
Artificial IntelligenceTechnology & InnovationAnalyst InsightsCompany FundamentalsCorporate Guidance & Outlook

Citi says Amazon has room to run as it ramps up compute capacity and positions to capitalize on a deepening relationship with OpenAI. The note implies potential upside to Amazon's cloud/AI revenue and competitive positioning as demand for large-scale compute grows.

Analysis

Citi says Amazon has room to run as it ramps up compute capacity and positions to capitalize on a deepening relationship with OpenAI. The note implies potential upside to Amazon's cloud/AI revenue and competitive positioning as demand for large-scale compute grows.

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