Amazon (AMZN) AWS AI Momentum Supports Higher Price Target at BMO Capital

Core Insights - Amazon.com, Inc. (NASDAQ:AMZN) is recognized as one of the top AI stocks to invest in, with BMO Capital maintaining an Outperform rating and raising its price target to $304 from $300 based on insights from former AWS employees regarding cloud spending and commitments [1][2] Group 1: Cloud Commitments and AI Development - BMO identified five key findings: accelerated cloud commitments, agents facilitating incremental cloud commitments, Claude as the preferred development model, AWS's unlikely move towards verticalized AI applications, and the projected expansion of enterprise AI applications by 2027 [2] - Discussions with former AWS workers revealed visibility into at least $4.7 billion in annual cloud spending, indicating strong growth potential in Amazon's cloud services [1] Group 2: Investment Plans in India - Amazon plans to invest an additional $35 billion in India by 2030, building on its previous investment of $40 billion, focusing on AI-driven digitization, increased exports, and job creation [3]