Bullish
Amazon's stock rises 4% after Evercore raises price target to $355, citing AI growth.
Amazon's stock surged 4% following Evercore ISI's increase of its 12-month price target to $355, up from $315, driven by strong retail trends and AI adoption. Additionally, Amazon's commitment to deploying 2 million more Nvidia GPUs for AI infrastructure in 2027 and 2028 underscores its dedication to expanding AI capabilities.
Key points
- Evercore ISI raises Amazon's price target to $355, citing strong AI-driven retail growth.
- Amazon commits to deploying 2 million additional Nvidia GPUs for AI infrastructure.
- Amazon's stock edges lower amid broader market pullback despite AI and wind power deals.
Sources
- Amazon Stock Jumps After Evercore Raises Price Target to $355GuruFocus · August 28, 2026
- Amazon Just Committed to 2 Million More Nvidia GPUs, and the Stock Traded LowerThe Motley Fool · August 28, 2026
- Amazon.com Inc Stock (AMZN) Moved Up by 3.69% on Aug 28: A Full AnalysisTradingKey · August 28, 2026
- Amazon.com stock edges lower as AI chip and wind power deals reshape growth storyAD HOC NEWS · August 28, 2026
AI-generated from public news sources. Not financial advice.
