Overview
- OpenAI agreed to purchase $38 billion of capacity from Amazon Web Services, securing access to hundreds of thousands of Nvidia GPUs and lifting Amazon to a record close with Nvidia shares higher.
- Major U.S. indexes ended mixed, with the S&P 500 up about 0.2%, the Nasdaq up 0.5%, and the Dow down roughly 0.5% to start November.
- The ISM Manufacturing PMI fell to 48.7 in October, signaling continued contraction in factory activity for an eighth straight month.
- Kimberly‑Clark said it will buy Kenvue in a cash-and-stock deal worth about $40 billion, sending Kenvue shares sharply higher and Kimberly‑Clark lower.
- Palantir posted better-than-expected earnings and raised its revenue outlook, while reports noted President Trump said Nvidia’s most advanced chips will be reserved for U.S. companies.