Wall Street Bullish on Amazon’s AI-Driven Growth Trajectory

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A prominent Wall Street firm is expressing strong confidence in Amazon.com Inc.’s future, citing significant upside potential driven by artificial intelligence investments. This optimistic outlook comes despite notable share sales by a major investor and the company’s own announcement of a massive capital expenditure plan.

Morgan Stanley analyst Brian Nowak reiterated his bullish stance on Wednesday, affirming an “Overweight” rating and a $300 price target for Amazon’s stock. This target suggests a potential gain of 46% from the recent closing price of $204.79. The core of Nowak’s argument is that the market is currently undervaluing the future returns from Amazon’s aggressive spending on AI infrastructure.

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