Amazon (AMZN) Stock Rally and Tech Sector Rebound Fuel Optimism
Amazon shares surged this week amid a broad tech stock recovery, with Wall Street analysts raising price targets ahead of the critical holiday sales season. The e-commerce giant's $50 billion AI infrastructure commitment for U.S. government contracts has further energized investor sentiment.
BNP Paribas Exane's Nick Jones maintains a $320 price target, citing Amazon's dominant position across cloud computing, advertising, and AI sectors. AWS remains the crown jewel, with its massive scale and profitability driving long-term growth projections.