Amazon's AWS division reported its fastest growth in 18 quarters, with second-quarter revenue rising 19.62% to $200.61 billion, surpassing estimates. The company is expanding its AI capabilities, securing gigawatts of custom chip capacity from OpenAI and Anthropic, which could drive AWS to become a trillion-dollar business. Despite these gains, Amazon shares trade 15% below their 52-week high, presenting a potential buying opportunity with a 24/7 Wall St. price target of $329.19, implying a 30.49% upside. Risks include negative free cash flow and high capital expenditure, but strong AI demand and cloud growth support a bullish outlook.
Amazon's focus on AI and cloud growth comes as its shares trade below recent highs, suggesting some investors remain cautious. On Pluang, AMZN is priced at USD 259.39, up 2.10% on the day as of Oct 09, 2026 21:41 WIB, still 8.7% below its 52-week high of USD 284.02. The stock's market cap stands at $2.74 trillion, with typical holders on Pluang holding for about 127 days, while order activity leans heavily toward selling at 78%.
Amazon.com, Inc. (AMZN) has confirmed a bullish trend reversal by breaking out of a double bottom pattern, reaching a five-week high of $262.80. This breakout suggests the recent bearish correction may have ended, supported by reclaiming key moving a...
The state of California alleges that Amazon is involved in a price-fixing scheme that coerces wholesale vendors to increase prices at competing retailers such as Target, Walmart, Chewy, and Best Buy. Evidence includes email exchanges between Amazon v...
Amazon announced it will stop using non-disclosure agreements (NDAs) when negotiating data center deals with local governments. This move follows Microsoft’s similar decision earlier this year and responds to community opposition against AI infrastru...
Amazon has decided to stop using non-disclosure agreements (NDAs) when negotiating data center deals with local governments, following Microsoft's similar move. This shift comes as secrecy around AI infrastructure has sparked community opposition, re...
Amazon has blocked Meta's Muse AI agent from shopping on its platform, citing unauthorized access. Despite this, Wall Street remains optimistic about Meta's stock, maintaining a strong buy rating with a price target of $906.46, implying a 25.67% upsi...
