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Amazon stock: GenAI 'already a multi-billion dollar business' says JPM
July 11, 2024 11:09 AM EDTJPMorgan analysts reiterated their Overweight rating and price target of $240 a share on Amazon (NASDAQ: AMZN) in a note this week, highlighting the company's significant strides in generative AI.
The investment bank said the AWS NYC Summit on Wednesday underscored the pivotal role of GenAI, with Amazon's AWS VP of AI Products, Dr. Matt Wood, confirming that GenAI has already evolved into a multi-billion dollar business.
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