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Amazon Closing The Gap In AI Race: Analysts
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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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