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Stock impact report

TD Cowen Reaffirms Buy Rating on Amazon (AMZN) [Yahoo! Finance]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
On February 28, TD Cowen maintained a Buy rating with a $300 price target on Amazon.com Inc. (NASDAQ:AMZN). The firm views OpenAI's announcement as “a positive signal for AWS.” Following OpenAI's disclosure of a strategic partnership and $50 billion investment from Amazon.com Inc. (NASDAQ:AMZN), the firm noted that OpenAI will expand its AWS compute commitment by $100B, which includes leveraging 2 gigawatts of AWS Trainium capacity. On February 27, Chief AI Scientist for Amazon.com Inc. (NASDAQ:AMZN), Peter DeSantis, shared his views on the company's ability to develop AI models more affordably using proprietary chips. This supports the company's pursuit to catch up with competitors in building AI models and applications for consumers and businesses. Wells Fargo Reiterates Overweight Rating for Amazon (AMZN) as AI Compute Demand Doubles Zapp2Photo/Shutterstock.com Amazon.com Inc. (NASDAQ:AMZN) expects that lower costs for products with AI will also motivate businesses to se Show less Read more
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