Caution Rises Around AWS as Redburn Lowers Amazon (AMZN) to Neutral

Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks Making Moves on Wall Street. On November 18, Rothschild & Co Redburn’s Alexander Haissl downgraded the stock to “Neutral” from buy with a $250 price target. The firm has turned cautious on AWS due to concerns about generative AI economies, citing limited upside despite robust positioning. The firm is of the view that there was previously optimism surrounding AWS’s positioning in the generative AI space. It was better positioned than Azure due to its v ...