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The “everything store<\/a>” might have secured its biggest customer yet.<\/p>\n On Monday,\u00a0Amazon announced<\/a>\u00a0that it had signed a $38 billion deal with OpenAI, offering the ChatGPT maker access to Amazon Web Services’ infrastructure.<\/p>\n On the one hand, the move isn’t too surprising \u2014 a continuation of OpenAI’s spending spree as it looks to secure resources to run its power-hungry artificial intelligence models.<\/p>\n On the other, OpenAI’s turn to Amazon<\/a> shows that the firm is diversifying from its reliance on Microsoft<\/a>, which had been its exclusive cloud services provider until this year. That could suggest OpenAI is getting ready for an initial public offering as it looks to signal “both independence and operational maturity,” as\u00a0CNBC’s MacKenzie Sigalos writes<\/a>.<\/p>\n Amazon shares surged on the news to close at a record high. Nvidia<\/a> also had a positive day after Microsoft announced it was granted a license by the U.S. government to export the AI darling’s chips to the United Arab Emirates.<\/p>\n While Big Tech is attracting investor interest, the rest of the market has been rather lackluster.<\/p>\n Even as the S&P 500<\/a> and Nasdaq Composite<\/a> rose on the back of the tech behemoths, more than 300 stocks in the broad-based index\u00a0ended the day lower<\/a>\u00a0\u2014 a warning sign that only\u00a0a narrow segment of the market<\/a>\u00a0is faring well.<\/p>\n What you need to know today<\/p>\n Palantir’s third-quarter results beat estimates.\u00a0The company foresees\u00a0revenue of around $1.33 billion for the current quarter<\/a>, outstripping the $1.19 billion expected by analysts, according to LSEG. Shares, however, fell 4.3% in extended trading on Monday evening stateside.<\/p>\n OpenAI signs a $38 billion deal with Amazon.\u00a0Under the agreement, OpenAI will immediately begin running\u00a0artificial intelligence processes on Amazon Web Services<\/a>, harnessing Nvidia’s AI chips. Amazon shares popped 4% and closed at a record.<\/p>\n Microsoft gets approval to ship Nvidia chips to UAE.\u00a0The U.S. Commerce Department license, granted in September, allows Microsoft to\u00a0ship 60,400 additional A100 chips<\/a>, involving Nvidia’s advanced GB300 graphics processing units. Shares of Nvidia rose 2.2%.<\/p>\n U.S. markets mostly rise.\u00a0On Monday stateside, the S&P 500 and Nasdaq Composite advanced,\u00a0boosted by tech shares<\/a>. The pan-European Stoxx 600<\/a>\u00a0ended flat<\/a>. Auto stocks including Renault<\/a> and Volkswagen<\/a> rose.<\/p>\n [PRO] Growing risks to global equities.\u00a0European stock markets hit highs last week. But there are several\u00a0factors that might derail this upward trajectory<\/a>, analysts say.<\/p>\n