Amazon Stock Poised for Rally Despite AI Spending Concerns

Jefferies analysts suggest Amazon's stock, currently at its cheapest since 2008, could rally 46% despite concerns over its $200 billion AI spending plans, which have overshadowed robust cloud and retail growth.

23 Mar, 15:27 — 23 Mar, 15:27

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marketwatchMostly Factual17d ago

Amazon hasn’t been this cheap since 2008. Here’s how the stock could rally 46% from here.

Amazon’s $200 billion AI spending plans have weighed on the stock, overshadowing robust cloud and retail growth, Jefferies argues.

By Christine Ji

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Amazon Stock Poised for Rally Despite AI Spending Concerns

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Amazon hasn’t been this cheap since 2008. Here’s how the stock could rally 46% from here.

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