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Morgan Stanley Targets $500 for Amazon (AMZN) on Massive AWS AI Surge

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The Story

News Summary

  • Morgan Stanley sees massive upside for Amazon, projecting a $335 base and $500 bull price target driven by AI and AWS growth.
  • AWS revenue jumped 37% year-over-year, while total operating income surged 43%, backed by aggressive AI infrastructure investments.
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AMZN price history

254.91 +10.99% over the displayed period

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