Amazon announced on Monday a seven-year deal to supply cloud computing capacity to the maker of ChatGPT. ・Retail investors and analysts say the deal is a major win for Amazon Cloud Services, which was previously seen as lagging behind its competitors.

Cipher Mining’s stock climbed up over 19% in early trading after the Bitcoin miner announced a $5.5 billion lease agreement with Amazon Web Services (AWS), extending the rally that has made the Nasdaq-listed company one of the biggest beneficiaries of Wall Street’s growing appetite for AI-linked exposure.

AWS outage reports spiked again for the cloud service yesterday (October 29) after a mass outage last week. But this time, AWS was quick to dispute these reports with us.

Amazon analysts highlight the company's accelerated growth for its AWS cloud segment in the third quarter and strong guidance ahead.

“AWS is growing at a pace we haven’t seen since 2022, re-accelerating to 20.2% YoY,” Andy Jassy, the president and CEO of Amazon, said in the company’s earnings announcement. “We continue to see strong demand in AI and core infrastructure, and we’ve been focused on accelerating capacity — adding more than 3.8 gigawatts in the past 12 months.”

Cipher Mining signed a $5.5 billion, 15-year lease with AWS to provide AI infrastructure, bringing total hosting contracts to $8.5 billion.

AWS outage caused by a DNS automated systems error may result in a $581 million loss for Amazon as the cloud and AI company make changes to prevent similar failures.

Discover Cipher Mining's Q3 2025 strategic pivot to high-performance computing with major AWS, Google deals, rising revenues, and robust future growth.

Microsoft Azure: Microsoft's cloud computing services is only second to AWS in terms of global market share. Microsoft obviously uses its own cloud infrastructure, but plenty of other companies do too, including Ralph Laruen, Best Buy, Procter & Gamble, Coca Cola, Abercrombie & Fitch, and even local, state, and federal governments.

“The underlying DNS issue has been fully mitigated, and most AWS Service operations are succeeding normally now,” the company said in a statement. There may be some issues as websites work through backlogs that occurred during the glitch.