Compute Capacity Offering Support to Amazon (AMZN)
Amazon.com Inc. (NYSE:AMZN) is one of the 10 best retail stocks with huge upside potential. On February 23, Wells Fargo reduced its target price for Amazon.com Inc. (NASDAQ:AMZN) from $305 to $304. The firm maintained an Overweight rating on the stock, offering more than 40% upside potential to investors at the current level. Wells Fargo notes that the compute capacity is a key success factor for Amazon.com Inc. (NASDAQ:AMZN), as AI-driven demand is expected to surpass supply in the near to medium term. ...