Premarket Movers: Amazon is Gaining Momentum

Group 1: Amazon - Amazon shares increased by approximately $3.55 in premarket trading due to news of OpenAI's potential investment exceeding $10 billion, which may also involve the use of Amazon AI chips [1][6] - Amazon plans to invest $35 billion in India by 2030, with expectations to quadruple exports to $80 billion by that year [2] - Oppenheimer raised its price target for Amazon from $290 to $305, highlighting that Amazon Web Services (AWS) could double its capacity by 2027, serving as a key catalyst for the stock [3] Group 2: Oracle - Oracle shares rose by about $2.35 in premarket trading after showing strong support at $188.65, following concerns over AI data center spending [4][6] - Mizuho analysts identified Oracle as a top enterprise stock for 2026, noting that 2025 was a transformative year for the company as it evolved into a key AI infrastructure player [5] - Analysts see Oracle as a long-term beneficiary of AI due to its comprehensive technology stack, including applications, a leading database for critical workloads, and Oracle Cloud Infrastructure (OCI) for AI training and inference, with an outperform rating and a price target of $400 [7]