Barclays analyst Ross Sandler raised the firm’s price target on Amazon.com (AMZN) to $300 from $275 and keeps an Overweight rating on the shares following the earnings report. The firm says Amazon Web Services has secured significant artificial intelligence capacity over the next several years “despite playing a bit of catch up.” The company’s custom silicon strategy is off to a solid start with Trainium and its growth will accelerate from here, the analyst tells investors in a research note.
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