Goldman Sachs updated its Conviction List by adding five new stocks, including Amazon, Burlington Stores, Huntington Ingalls, Johnson Controls, and Occidental Petroleum, each with significant upside potential ranging from 25% to 64%. Amazon stands out with a 51% target gain driven by AI demand and eCommerce growth. These additions reflect Goldman Sachs' confidence in sectors like technology, retail, defense, energy, and industrials. The firm also removed five stocks, signaling a strategic portfolio shift for October 2026.
As of Oct 02, 2026 19:21 WIB, Amazon trades at USD 250.94, closer to its 52-week low of USD 198.79 than its high of USD 284.02, with a 1-day gain of 1.09% on Pluang. In contrast, Goldman Sachs shares are priced at USD 898.63, well below their 52-week high of USD 1.15K but above the low of USD 744.60, rising 0.22% in the same period. This shows Amazon's current price is more volatile within its range compared to Goldman Sachs, aligning with the recent focus on Amazon's growth potential highlighted in the news.
Amazon and Alphabet reported massive unrealized gains from their stakes in AI company Anthropic in Q2, with Amazon booking $53.4 billion and Alphabet $99 billion. Anthropic plans to go public in late 2026, which could set a new valuation for both com...
Investing $10,000 in Amazon stock today could potentially grow to about $22,270 by 2031, reflecting a 122.7% return based on a projected share price of $548.18. This optimistic outlook is driven by Amazon Web Services (AWS) posting its fastest growth...
Delta Air Lines chose Amazon's Wi-Fi service over Elon Musk's Starlink, despite Musk's warnings that the decision would worsen passenger experience. Musk publicly predicted Delta CEO Ed Bastian would lose his job over this choice. Meanwhile, United a...
Constellation Energy secured a 20-year power agreement with Amazon to support nuclear plant expansion, emphasizing AI-driven data center growth. Oracle is diversifying its AI customer base by leasing $7 billion in AI chips to Tencent, reducing relian...
Amazon Web Services released Strands Decider 2B, an open-source AI decision model designed to quickly and cost-effectively choose between pre-set options with confidence scores. Inspired by TypeSafe’s Jev, this model is small enough to run locally an...
