Amazon $Amazon(AMZN.US) is trading near $244, driven by a strong uptrend and an aggressive push into AI infrastructure. With massive capital expenditures boosting AWS growth and expanding margins, Wall Street analysts maintain a strong consensus rating of Buy, with average price targets suggesting solid double-digit upside.Near-term catalysts include the upcoming Prime Day and a strategic pivot to sell custom AI chips—like Trainium—directly to third-party data centers. While heavy spending on data centers weighs on free cash flow, Amazon’s unmatched digital ecosystem cements its moat, making this dip an intriguing accumulation opportunity for long-term growth investors.
Bullish for now, what are your thoughts?
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