Amazon.com, Inc. (NASDAQ: AMZN) received a Buy rating with a $300.00 price target from TD Cowen analyst John Blackledge. The firm is optimistic about Amazon’s position in the AI and cloud infrastructure market, noting a 20.2% year-over-year growth in AWS revenue in the third quarter of 2025.

Management highlighted a $200B backlog and a multi-year deal with OpenAI worth $38BN for AWS compute services. AWS’s Trainium chips business has reached a multi-billion dollar run rate, growing over 150% quarter-over-quarter in the third quarter of 2025.

The firm projects AWS to reach $128.1BN in revenue in 2025, with an operating income of $45.9BN. While Amazon.com Inc. (AMZN) offers potential as an investment, other AI stocks may have greater upside potential and less downside risk.

For more insights on AI stocks, check out “10 AI Stocks in Focus on Wall Street” and “10 Hot AI Stocks to Keep on Your Radar.”

Read more at Yahoo Finance: Amazon (AMZN) Stock Gets Boost as AWS Growth Accelerates and AI Demand Surges