Amazon’s $50B AI Push Sparks Market Rebound as Bitcoin Miners Rally

Last week’s sharp sell-off across global markets — especially in cryptocurrencies — is seeing a notable recovery as investors react positively to Amazon’s announcement that it plans to invest up to $50 billion to expand artificial intelligence and supercomputing infrastructure for the U.S. government. The news boosted sentiment early Monday, helping the Nasdaq climb 2.3% by midday on the U.S. East Coast, while the S&P 500 followed with a 1.4% gain.

Crypto markets, which were hit hard during the previous week’s downturn, are also benefiting from the renewed risk-on environment. Bitcoin rebounded to around $87,300 after briefly nearing a drop below $80,000 on Friday. Despite the bounce, bitcoin prices remain more than 7% lower on a week-over-week basis, reflecting lingering volatility in the broader crypto landscape.

One of the strongest-performing groups following the Amazon announcement has been bitcoin mining companies, many of which have begun reshaping their business models to serve the rapidly growing AI and high-performance computing sectors. Cipher Mining saw its stock jump 18%, while CleanSpark and IREN each added roughly 13%. Hut 8 also gained close to 9% as investors rewarded miners with AI-aligned strategies.

Other crypto-linked companies joined in the rally as well. Shares of Coinbase, Galaxy Digital, and Bullish moved higher between 4% and 5%, signaling broad optimism across the sector as AI-related investments continue to drive market enthusiasm.

For investors, Amazon’s massive commitment to AI infrastructure is reinforcing the narrative that artificial intelligence and advanced computing will play a central role in both traditional technology and digital asset industries. As market conditions stabilize, the intersection between AI development and crypto-focused businesses is becoming an increasingly important theme for traders watching for the next major catalyst.