AMAZON HAS ITS BEST DAY SINCE AUGUST:- Morgan Stanley named Amazon their topic pick, sees 40% upside with a PT to $350- …

Oct 19, 2026 at 04:25 PM

AMAZON HAS ITS BEST DAY SINCE AUGUST:

- Morgan Stanley named Amazon their topic pick, sees 40% upside with a PT to $350

- Amazon announced TorchNeuron, a new software tool designed to make it easier for developers to run existing PyTorch AI workloads on its Trainium2 and Trainium3 chips with minimal code changes, reducing a major barrier to adoption and helping Amazon compete with Nvidia $NVIDIA(NVDA.US), whose CUDA software ecosystem has historically been a key competitive advantage.

- AWS projections increased to 47% and 42% YoY growth through 2027-2028 by Morgan Stanley

Amazon has underperformed the Nasdaq $QQQ over the past 5 years, with the Nasdaq up 94% and Amazon up 50%.

It feels like the consensus view is that 2027 will be the year of Amazon...but that consensus view has also been similar over the past 2 years.

If 2027 is the year for Amazon, it would be based on AWS + Trainium inflecting along with inflows in general beginning to rotate from Semis to Mag 7.

$Amazon(AMZN.US) +5%

Source: amit

NVIDIA

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Amazon

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