This megacap technology stock offers a winning AI strategy, some Wall Street analysts say.
Investors are underappreciating Amazon's artificial intelligence potential, according to some analysts. "While consensus believes that AMZN lags behind its mega-cap peers in AI capabilities, AMZN highlighted that it has launched over two times the number of AI services than MSFT and GOOGL combined since 2023," wrote BMO Capital Markets' Brian Pitz.
mountain Shares this year Citi's Ronald Josey also reaffirmed his confidence AWS estimates for the second quarter and onward following the event. The analysts also believes that demand is gradually moving toward companies offering multiple specialized models. He retained a $245 price target on shares and called the stock a top Internet pick. The price target implies 23% upside from Wednesday's close.
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