The OpenAI Effect: How Amazon Is Turning Cloud Demand Into A Power Play

Amazon.com Inc (NASDAQ:AMZN) is seeing strong cloud-driven momentum even as near-term cost pressures persist, according to JPMorgan. • Amazon.com stock is gaining positive traction. What’s driving AMZN shares up?AWS Growth and AI Demand Drive OutlookAnalyst Doug Anmuth maintained Amazon with an Overweight and raised the price forecast from $265 to $280 on Wednesday.Anmuth said Amazon is seeing stronger Amazon Web Services demand and is increasing capacity, driven by both traditional cloud migration and risi ...