Amazon is considering a $10 billion investment in OpenAI, valued at over $500 billion, to boost its AI capabilities. The deal could reshape global markets and enhance Amazon’s position in the cloud wars. Meanwhile, Amazon’s Q3 results beat expectations, with net sales of $180.2 billion and net income of $21.2 billion. Analysts project EPS of $7.17 for fiscal 2025, with a consensus “Strong Buy” rating. The stock trades at a premium and has a price target of $295.80, suggesting a potential upside of 29.8%. Wall Street is bullish on Amazon, expecting further growth in 2026.
Read more at Barchart: Amazon Could Invest $10 Billion in OpenAI. Should You Invest in AMZN Stock First?
