Global markets saw a mix of developments on Tuesday, as Amazon expanded its partnership with OpenAI following a shift away from exclusivity with Microsoft, oil prices surged amid tensions involving Iran and OPEC changes, concerns over OpenAI’s growth weighed on semiconductor stocks, and The Coca-Cola Company reported strong earnings and raised its outlook.
Amazon partners with OpenAI
Amazon on Tuesday announced an expanded partnership with OpenAI, allowing its cloud customers to access OpenAI models through Amazon Web Services.
The move comes just a day after OpenAI and Microsoft confirmed they had ended their exclusivity agreement, enabling the AI firm to deploy its technology across multiple cloud platforms.
Under the arrangement, AWS customers will be able to use OpenAI’s models and its Codex coding agent through Amazon Bedrock alongside models from other providers.
“For the first time, AWS customers will be able to access OpenAI frontier models through the services they already use for model access, fine-tuning, and orchestration,” Amazon said in a news release.
Amazon also introduced Amazon Bedrock Managed Agents powered by OpenAI.
The companies said the service will allow enterprises to build advanced AI agents capable of handling complex tasks.
At an AWS event, CEO Matt Garman said: “This is what our customers have been asking us for for a really long time.”
Crude oil rises as UAE exits OPEC, Iran tensions persist
Oil prices climbed sharply on Tuesday as geopolitical tensions intensified and supply concerns persisted.
US crude rose more than 3%, with West Texas Intermediate settling near $99.93 per barrel, while Brent crude climbed to $111.26.
The gains came after reports that President Donald Trump was dissatisfied with Iran’s proposal to reopen the Strait of Hormuz.
The situation is compounded by the United Arab Emirates’ decision to leave OPEC, adding uncertainty to global supply dynamics.
The Strait of Hormuz remains a critical chokepoint, carrying roughly a fifth of global oil and LNG flows, with disruptions affecting around 20 million barrels per day.
OpenAI misses targets; semiconductor stocks decline
Investor sentiment toward AI-linked stocks weakened after reports that OpenAI missed internal targets for user growth and revenue.
The report indicated the company fell short of its goal to reach 1 billion weekly active users by the end of 2025 and lost ground to competitors such as Anthropic and Alphabet.
Concerns were further amplified by comments from CFO Sarah Friar, who warned internally about the company’s ability to meet future computing obligations if revenue growth does not accelerate.
In response, CEO Sam Altman and Friar said, “This is ridiculous. We are totally aligned on buying as much compute as we can.”
The developments weighed on semiconductor stocks. Nvidia fell about 1.6%, while Advanced Micro Devices, Broadcom, and Arm Holdings also declined.
Coca-Cola earnings beat, outlook raised
Shares of The Coca-Cola Company rose over 3.8% after the beverage giant reported stronger-than-expected first-quarter results.
Revenue increased 12% to $12.47 billion, while earnings per share rose 18% to $0.91. Comparable EPS also climbed 18% to $0.86.
Growth was driven by an 8% increase in concentrate sales and continued demand for premium products.
Global unit case volume rose 3%, reflecting steady consumption despite economic pressures.
Coca-Cola raised its full-year outlook, now expecting comparable EPS growth of 8% to 9%, and reaffirmed its organic revenue growth target of 4% to 5%.
The company also highlighted strong performance in zero-sugar beverages, bottled water, and tea, underscoring shifting consumer preferences toward healthier options.
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