BofA raised the firm’s price target on Amazon.com (AMZN) to $303 from $272 and keeps a Buy rating on the shares after having attended Amazon’s annual re:Invent cloud conference in Las Vegas. Key announcements included potential Trainium4 interoperability with Nvidia (NVDA), general availability of Trainium3, the introduction of AI Factories, a new set of frontier agents that can work autonomously, and Nova Forge, while the biggest “change” at AWS was more collaboration with Nvidia in future Trainium hardware, the analyst tells investors in a recap of the event.
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