New York, February 28, 2026, 10:02 EST — Market shut for the day.
- Amazon ended Friday up 1% at $210, outperforming the softer broader market.
- OpenAI announced that Amazon is set to invest $50 billion in its newest funding round, with AWS stepping up its involvement in OpenAI’s enterprise platform.
- Next week, investors are eyeing the results of AI spending and keeping tabs on the March 6 U.S. jobs report.
Amazon.com Inc (AMZN) ended Friday at $210, up 1%. Investors are eyeing a new OpenAI partnership that has the potential to boost demand for both Amazon Web Services and its Trainium chips. Investing.com
Timing is crucial here, since investor nerves are jangling over which players might benefit and which could end up footing the bill as AI makes its way deeper into enterprise tech and infrastructure. “There continues to be this … back and forth” over likely victims and winners, Kristina Hooper, chief market strategist at Man Group, told Reuters.
https://ts2.tech/en/amazon-stock-price-at-210-openai-50-billion-deal-puts-aws-trainium-in-focus/
