Morgan Stanley and UBS raised their Amazon price targets ahead of Q3 results, citing accelerating AWS growth, AI opportunities and improving efficiency. Their optimism is tempered by rising AI infrastructure spending, which could weigh on free cash flow even as cloud profitability strengthens.
Morgan Stanley and UBS raised their Amazon price targets ahead of Q3 results, citing accelerating AWS growth, AI opportunities and improving efficiency. Their optimism is tempered by rising AI infrastructure spending, which could weigh on free cash flow even as cloud profitability strengthens.
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