Amazon (AMZN) Gains Long-Term Support from AWS AI Investments Despite E-Commerce Headwinds
Amazon faces e-commerce disruption risks lowering revenue, but strong AI-driven AWS investments and increased CIO budgets support growth prospects.
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Amazon faces e-commerce disruption risks lowering revenue, but strong AI-driven AWS investments and increased CIO budgets support growth prospects.
Raymond James lowers Amazon’s price target to $260, citing AI uncertainties and commerce risks, but remains constructive on Q4 due to strong holiday demand and robust AWS and ad performance.