Bullish
Amazon's stock rises 4% to $266.43; Evercore raises price target to $355.
Amazon's stock surged 4% to $266.43, with Evercore ISI increasing its price target to $355, citing strong AI-driven growth in AWS. The company plans to add 2 million Nvidia GPUs to its data centers in 2027–2028, signaling robust demand for AI infrastructure. Additionally, Amazon is expanding its Prime Air drone delivery service to nearly 500 U.S. cities by year-end.
Key points
- Evercore ISI raises Amazon's price target to $355, citing AI-driven growth.
- Amazon plans to add 2 million Nvidia GPUs to data centers by 2028.
- Amazon expands Prime Air drone delivery to 500 U.S. cities by year-end.
Sources
AI-generated from public news sources. Not financial advice.
