Amazon Closing The Gap In AI Race: Analysts

Benzinga

Amazon drew fresh bullish sentiment after analysts praised its AI-agent strategy and custom chip roadmap unveiled at AWS re:Invent. Bank of America lifted its target to $303, JP Morgan to $305, and Wedbush to $340. Analysts pointed to rising demand for AWS frontier agents, deeper Nvidia partnerships, and advances in Trainium chips. They said AWS AI Factories, new Nova 2 models, and stronger Bedrock performance position Amazon for faster growth, with AWS revenue expected to rise as new capacity

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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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