tl;dr
Summary: Monness, Crespi, Hardt forecasts Amazon (NASDAQ:AMZN) to continue benefiting from cloud computing, artificial intelligence, and cost efficiencies in the upcoming year. Analyst Brian White projects a positive trajectory for the company, citing digital transformation, cloud capitalization, a...
Summary:
Monness, Crespi, Hardt forecasts Amazon (NASDAQ:AMZN) to continue benefiting from cloud computing, artificial intelligence, and cost efficiencies in the upcoming year. Analyst Brian White projects a positive trajectory for the company, citing digital transformation, cloud capitalization, and AI innovation. Online holiday shopping trends are also expected to favor Amazon, with a 7.3% increase in Cyber Week spending. The recent AWS re:Invent conference highlighted advancements in AI, contributing to a 0.5% jump in Amazon's shares in early trading.
Source: Seeking Alpha
More about Amazon.com Inc
Amazon.com Inc. is a leading multinational technology company with a strong focus on e-commerce, cloud computing, digital streaming, and artificial intelligence. The company is a major player in the U.S. information technology industry, and is considered to be one of the most influential economic and cultural forces in the world. With a market capitalization of $157.2 billion, Amazon's stock performance has been positive, with a current stock price of $175.56. The stock has shown a bullish trend, with a Relative Strength Index (RSI) of 53.95, indicating a potential for further upward movement. However, there are potential risks and uncertainties associated with the stock, and past market behavior may not be a reliable indicator of future performance.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.