Amazon potentially undervalued amid AI infrastructure growth
AMZN Amazon.com Inc
$256.29 +1.95%
View chart & analysis → - 1Amazon's 51% stock price increase over the past five years is lower than the index's 88% rise during the same period.
- 2Evercore's Mark Mahaney set a price target of $355 for Amazon.
- 3Amazon's AWS revenue grew 37% year-over-year to $42.2 billion last quarter.
So what's the key point?
While Amazon's stock price growth has been slower than the market average, its AI-related revenue increased by 37%. Experts believe the company's stock could rise further.
Source The Motley Fool · View original ↗
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