Amazon (AMZN)'s AI Push Could Fuel AWS Growth-And Wall Street Is Finally Noticing

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Trending AI Stocks on Wall Street. On July 10, Citizens JMP analyst Andrew Boone raised the price target on the stock to $285.00 (from $250.00) while maintaining a “Market Outperform” rating.

Firm analysts are of the view that Amazon’s AWS opportunity remains underappreciated.

 “With reach across 100M + U.S. households, supported by a best-in-class logistics network, and ever-widening selection, we believe Amazon’s ability to offer ever faster delivery can continue to unlock demand for additional retail categories and retail growth.

"This retail network fuels Amazon’s consumer data which is a key driver of its advertising business that we believe can continue to take share given Amazon’s growing CTV business. Last, and maybe most important, we believe AI is a key driver of digital transformation and that AI can help drive AWS growth to accelerate, as the AWS opportunity remains underappreciated, in our view.”

Amazon.com Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.

While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.