TD Cowen Reaffirms Buy Rating on Amazon (AMZN)

Amazon.com Inc. (NASDAQ:AMZN) is one of the 15 best stocks to invest in according to billionaires. On February 28, TD Cowen maintained a Buy rating with a $300 price target on Amazon.com Inc. (NASDAQ:AMZN). The firm views OpenAI’s announcement as “a positive signal for AWS.” Following OpenAI’s disclosure of a strategic partnership and $50 billion investment from Amazon.com Inc. (NASDAQ:AMZN), the firm noted that OpenAI will expand its AWS compute commitment by $100B, which includes leveraging 2 gigawatts ...