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Wall Street Analysts Predict Amazon and Alphabet Could Reach $3 Trillion Market Cap
Wall Street Analysts Predict Amazon and Alphabet Could Reach $3 Trillion Market Cap
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Amazon and Alphabet, two tech giants dominating the artificial intelligence and cloud computing sectors, are poised to join the elite $3 trillion market cap club within the next year, according to bullish Wall Street analysts. Amazon's highest target price of $306 per share implies a 32% upside, while Alphabet's $250 target suggests 23% growth from current levels.
Both companies reported robust quarterly earnings, with Amazon's revenue climbing 13% to $167 billion, driven by advertising and cloud services. Their leadership in e-commerce, digital advertising, and cloud infrastructure positions them to capitalize on the AI boom, as enterprises increasingly adopt AI-powered solutions.
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