Amazon.com Inc. (NASDAQ:AMZN) remains a top AI stock on Wall Street. Morgan Stanley reiterated it as “Overweight” with a $300 price target, citing AWS and Retail as underappreciated GenAI winners. AWS revenue growth could surpass 30%, but data center capacity constraints may impact growth. Agentic Commerce is another catalyst for AMZN, with potential for expansion in horizontal AI partnerships and vertical leadership through Rufus, an AI-powered shopping assistant. AMZN trades at a 40% discount to peers on a PEG basis, presenting a bullish outlook despite uncertainties. The company offers e-commerce, cloud computing, and AI solutions. While AMZN shows promise, other AI stocks may offer greater upside potential with lower risk. For those seeking undervalued AI stocks, explore the best short-term AI stock in a free report.

Read more at Yahoo Finance: Amazon.com, Inc. (AMZN) Named Top AI Pick as Morgan Stanley Sees AWS Acceleration and Agentic Upside