Amazon

AMZN

Market cap $2.25T

Wall Street analysts regularly tell investors which stocks present the most promising opportunities for patient investors.

Amazon deepened its ties to OpenAI by committing to invest up to $50 billion in the ChatGPT maker. The companies also forged a new strategic partnership that will see OpenAI buy more of Amazon's custom AI chips, and make its models available to Amazon engineers to develop consumer products.

Dan Ives, Wedbush Securities, joins 'Closing Bell' to discuss the rough week for shares of Nvidia, the recent funding round from OpenAI and much more.

Bloomberg's Caroline Hyde discusses OpenAI's $110 billion fundraise at a $730 billion valuation with key backing from Amazon. Plus, the feud between Anthropic and the Pentagon over AI use by the military continues.

Amazon says it is selling cloud capacity as fast as it can install it. Oracle is leveraging its large installed base of customers and investments in AI infrastructure to deliver strong growth for investors.

For the last few years, Bill Ackman's largest exposure to artificial intelligence (AI) was through his hedge fund's stake in Alphabet. During the fourth quarter, his hedge fund reduced its position in Alphabet and rotated capital elsewhere.

OpenAI on Friday (Feb. 27) confirmed it has raised $110 billion in new funding from Amazon, Nvidia and SoftBank, in one of the largest private capital raises in technology history, as the company moves to secure the compute and infrastructure needed to scale advanced AI systems globally.

OpenAI raised $110 billion, with Amazon and Nvidia joining as major investors. OpenAI's biggest corporate backers are all intense rivals of Google.

Amazon invested $50 billion in OpenAI as part of a $110 billion funding round announced on Friday. “It's so early right now in the AI space, and OpenAI is off to an amazing start,” Amazon CEO Andy Jassy told “Squawk Box” on Friday.

Amazon invested $50 billion in OpenAI as part of a $110 billion funding round announced on Friday. "We're super excited about this deal," OpenAI CEO Sam Altman told CNBC's "Squawk Box" on Friday.