Stock Movers Closing Bell: Palantir Earnings, Amazon Continues Gains, Cipher Mining Signs with Amazon
Nov 3, 2025
Amazon's stock surged 4% after a strong earnings report and a massive deal to supply OpenAI with Nvidia GPUs. Cipher Mining also saw a 22% rise, thanks to its $5.5 billion lease with Amazon for AI workloads. Meanwhile, Palantir impressed investors with a revenue beat and optimistic guidance, citing remarkable growth in its AI products. The discussion also included market reactions to Kimberly-Clark's $40 billion acquisition of Kenvue and the repercussions of recent downgrades in the rare earths sector.
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Amazon Gains On Earnings And AI Deal
- Amazon's stock climbed after earnings and analysts raising price targets, reflecting renewed investor confidence in its growth trajectory.
- The cloud unit's massive $38 billion GPU deal with OpenAI highlights surging demand for AI compute capacity and strong ROI for Amazon Web Services.
Plan For Cloud Capacity Limits
- Monitor cloud capacity and supply constraints before assuming idle servers exist during AI ramps.
- Don't assume immediate capacity; plan for ongoing buildup and long lead times for hyperscaler infrastructure.
Infrastructure Firms Profit From AI Build-Out
- Cipher Mining rallied after signing a $5.5 billion, 15-year lease with Amazon to provide turnkey space and power for AI workloads.
- The deal underscores that infrastructure providers are becoming core beneficiaries of the AI build-out, not just chipmakers.