Bullish
Amazon's stock jumps 4% to $266.43 amid AI investments and analyst upgrade.
Amazon's stock surged 4% to $266.43 on August 28, 2026, driven by significant AI investments and a positive analyst upgrade. The company plans to deploy 2 million additional NVIDIA GPUs across AWS's global infrastructure in 2027–2028, enhancing its AI capabilities. Additionally, Evercore ISI raised Amazon's price target to $355 from $315.16, citing strong performance in retail, AI, and cloud sectors.
Key points
- Amazon's stock rose 4% to $266.43 on August 28, 2026, adding approximately $110 billion in market value.
- AWS and NVIDIA announced plans to deploy 2 million additional NVIDIA GPUs across AWS's global infrastructure in 2027–2028, enhancing Amazon's AI capabilities.
- Evercore ISI raised Amazon's price target to $355 from $315.16, maintaining an Outperform rating, citing strong performance in retail, AI, and cloud sectors.
Sources
AI-generated from public news sources. Not financial advice.
