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Morgan Stanley Projects Amazon (AMZN) at $500 on AWS Strength

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Amazon fell 1.6% during broad tech market trading, but Morgan Stanley issued an optimistic forecast projecting the stock could reach $500 by late 2027 driven by AWS growth.
  • Meanwhile, AI hardware stocks advanced as investors focused on cloud infrastructure investments.
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AMZN price history

256.78 +13.48% over the displayed period

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