Argus keeps a Buy rating and $230 price target on Amazon.com (AMZN) while naming the stock the firm’s 2025 Top Pick in Consumer Discretionary. AWS appears to be leveraging its leading market share in cloud to become a major player in the AI space, and CEO Andy Jassy stated that AI is growing three-times faster than cloud at this stage of its development, the analyst tells investors in a research note. Amazon’s Anthropic partnership also meaningfully strengthens AWS at a key time in the AI gold rush, the firm adds.
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