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BNP Paribas Exane Initiates Amazon (AMZN) at Outperform, Says AI Concerns Are Overblown

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Hot AI Stocks to Keep on Your Radar. On November 24, BNP Paribas Exane initiated coverage on the stock with an Outperform rating and a $320.00 price target. The firm believes that AMZN enjoys strong leadership in cloud, ecommerce, and ad growth; and that AI underinvestment concerns are overblown. Amazon is well positioned to maintain its leadership across cloud computing and e-commerce sectors, and  it holds significant growth potential in advertising. Besides ...