Amazon stock ticks up after $50 billion OpenAI talks put AI spending back in focus
Amazon shares rose 0.5% to $242.94 after Reuters reported the company may invest up to $50 billion in OpenAI. The stock moved between $238.51 and $243.29 in early trading. Amazon has cut about 30,000 corporate jobs since October and plans to shut its Fresh and Go stores. Quarterly earnings are due Feb. 5.