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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- It’s Not the Slowdown You Think, Says Wells Fargo About Amazon Stock
- Anthropic picks law firm to start work on IPO, FT reports
- 2026 IPO Alert! Amazon-Backed Anthropic Could Go Public Sooner Than You Think
- Marvell Stock (MRVL) Rallies on $3.25B Celestial AI Deal and Q3 Earnings Beat
- AMZN, NVDA: Amazon Taps Nvidia’s NVLink Fusion for Trainium4 Servers