Amazon ( (AMZN) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Amazon (NASDAQ:AMZN) is currently navigating a dynamic holiday shopping season, with its stock recently experiencing fluctuations. After reaching a 52-week high of $258.60, Amazon’s stock has dipped to around $229-$230, despite impressive third-quarter results driven by strong growth in its cloud unit, Amazon Web Services (AWS). The company has initiated its Black Friday sales, offering deals across various categories, which investors hope will boost stock performance as the holiday season progresses. Analysts remain optimistic about Amazon’s potential, with a Strong Buy consensus and a price target suggesting a 26.6% upside.
In a strategic move, Amazon has tightened its control over AI shopping tools, impacting companies like Dupe, which previously earned commissions through Amazon’s affiliate programs. This decision aligns with Amazon’s efforts to manage how AI agents interact with its platform, as the company seeks to protect its substantial advertising revenue. Meanwhile, JPMorgan Chase has recommended buying Amazon stock, citing the recent dip as an opportunity, especially with upcoming updates on AWS and its AI infrastructure strategy. Analysts anticipate that Amazon’s continued innovation and strategic adjustments will support its long-term growth.