Amazon.com, Inc. (AMZN) Named Top AI Pick as Morgan Stanley Sees AWS Acceleration and Agentic Upside

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Morgan Stanley has named Amazon (AMZN) a top AI pick, reiterating an “Overweight” rating and a $300 price target, seeing its AWS and Retail divisions as underappreciated GenAI winners. The firm anticipates AWS revenue growth to exceed 30%, supported by strong enterprise demand and increased capital expenditures. Additionally, Agentic Commerce and AI-powered shopping assistants are expected to drive further upside, despite the stock trading at a discount compared to peers.

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