Wells Fargo Reiterates Overweight Rating on Amazon.com, Inc. (AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) is among the 14 Best S&P 500 Stocks to Buy Now. On December 17, Wells Fargo expert Ken Gawrelski maintained an Overweight standing connected the banal with a terms people of $295. This is simply a reaffirmation of the firm’s earlier update connected December 2.

This follows BMO Capital’s accommodation a time earlier erstwhile it lifted the terms people connected the banal to $304 from $300, portion keeping an Outperform standing connected the shares. The steadfast said it had conversations with 2 erstwhile AWS employees, with the discussions providing insights into accrued unreality commitments, which became the ground for the revision.

As of the adjacent of concern connected December 17, Wall Street analysts person a statement Strong Buy standing connected the stock, with a one-year mean stock terms people of $296.12, representing an upside of 33%.

In different news, property reports connected Wednesday said that Amazon.com, Inc. (NASDAQ:AMZN) is successful negotiations with OpenAI implicit a imaginable $10 cardinal concern that could spot an statement to usage its AI chips. However, sources acquainted with the substance described the talks arsenic ‘fluid’ astatine this point.

The reports travel astatine a clip erstwhile the ChatGPT shaper is preparing for an IPO arsenic aboriginal arsenic the 2nd fractional of adjacent year. If the woody goes through, the institution could beryllium valued astatine implicit $500 billion, reported Reuters.

Amazon.com, Inc. (NASDAQ:AMZN) engages successful e-commerce, online advertising, unreality computing, artificial intelligence, and integer streaming.

While we admit the imaginable of AMZN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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