00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Amazon received renewed bullish support on Wednesday as analysts highlighted the strength
00:07of its agent-driven AI strategy and custom chip roadmap unveiled at AWS RAInvent, according to
00:13Benzinga. Bank of America raised its price target to $303, while JP Morgan set a $305 target,
00:21and Wedbush set a $340 target. Analysts pointed to rising demand for AWS AI capabilities,
00:28including new frontier agents for security and DevOps, expanding partnerships with NVIDIA,
00:33and advances in Amazon's Tranium chips. They noted that AWS AI factories, new Nova 2 models,
00:40and stronger bedrock performance position Amazon for accelerating growth. Analysts expect AWS
00:46revenue to grow 2.2% next year as added capacity comes online. For all things money, visit Benzinga.com.
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