Amazon's Strong Post-Earnings Momentum & Cloud Unit Mega Deal

3 months ago

Carol Masser

"Got to mention Amazon up 4% by uh the close for a 2-day gain of just about 15%. Analysts raising price targets for Amazon since the company reported earnings last week. 45 raising price targets by an average of 11%, no cutting their price targets. And then of course you had their cloud unit doing a mega deal, $38 billion deal to supply a slice of open AI's bottomless demand for computing power."

The segment highlights Amazon's recent gains following positive earnings and upgraded price targets, bolstered by a significant cloud unit deal worth $38 billion to support AI computing demand. The discussion implies bullish sentiment based on these strong catalysts.

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