Amazon (AMZN) has a market capitalization of $2.606 trillion and is seen as a strong contender to join the $4 trillion club by 2027. Over the past year, its stock price has increased by 11%, mainly due to its massive investments in artificial intelligence, including a $10 billion investment in OpenAI and a $35 billion AI data center project in India. Analysts emphasize that its AI shopping assistant Rufus is expected to boost sales and have set an optimistic target price of $360, which could bring its market value close to $3.8 trillion.
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Amazon (AMZN) has a market capitalization of $2.606 trillion and is seen as a strong contender to join the $4 trillion club by 2027. Over the past year, its stock price has increased by 11%, mainly due to its massive investments in artificial intelligence, including a $10 billion investment in OpenAI and a $35 billion AI data center project in India. Analysts emphasize that its AI shopping assistant Rufus is expected to boost sales and have set an optimistic target price of $360, which could bring its market value close to $3.8 trillion.