On Monday, Amazon’s announcement of a $38 billion agreement for Amazon Web Services to provide infrastructure for OpenAI’s artificial intelligence workloads sent Amazon stock up about 5% to a new all-time high.

OpenAI has signed a seven-year, $38 billion deal to buy cloud services from Amazon.com , in its first big push to power its AI ambitions after a restructuring last week that gave the ChatGPT maker greater operational and financial freedom.

Major U.S. equities indexes were mixed Monday afternoon, as tech stocks gained but most other sectors declined.

The dollar extended its gains from last week against the euro amid doubts about the outlook for another Fed rate cut this year. The euro, which slipped as low as $1.1505 against the dollar, its weakest since August 1,

Analysts raise targets to $350 as orders hit $500B. Amazon secures GPUs for OpenAI in $38B deal. UAE export approved.

US stocks finished the first trading day of November mixed, with Big Tech names like Amazon (AMZN) and Nvidia (NVDA) rising near record-high levels, fueling a continued rally in the AI trade even as those gains weren't broadly distributed.