JPMorgan analyst Doug Anmuth recommends buying shares of Amazon.com (AMZN) on the post-earnings selloff. Despite reporting “strong” Q3 earnings and Web Services showing its fastest growth in 11 quarters, Amazon shares are down to pre-earnings levels and 10% off the November highs, the analyst tells investors in a research note. JPMorgan attributes the pullback to the timing of the company’s $15B debt raise, which it thinks is “not a big deal,” Anthropic’s partnership with Nvidia (NVDA) and Microsoft’s (MSFT) Azure, and questions on the timing of Trainium 3. The firm thinks AWS’s growth should accelerate in 2026 and would be buying the post-earnings selloff. Amazon remains the analyst’s top pick with an Overweight rating and $305 price target
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