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Amazon Stock: Buy AMZN, Target $270 to $285 Amid AI Boom
Amazon Stock: Buy AMZN, Target $270 to $285 Amid AI Boom
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US President Donald Trump unveiled a $500 billion AI infrastructure project 'Stargate' with Softbank, Oracle, and Open AI on Tuesday. The new project includes constructing colossal data centers and the key technology partners include Microsoft, Nvidia, and Arm. Trump wants the AI technology and not let China and other nations take over the US. Amazon stock could also gain from the AI boom as the firm is working towards its fully-managed artificial intelligence Lex. AMZN started 2025 on the front foot and has surged nearly 5% in the last three weeks. The surge in price comes despite increasing competition in cloud computing services and the AI sector. Rivals like Google’s Alphabet, Microsoft, and Azure, among others, are heavily investing in AI.
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