Amazon (AMZN) Key AWS AI Expansion Pushes Stock Up: Is It $305 Bound?
The US stock market appears to be turning the corner after a rough start to the year. Indeed, a host of tech firms have seen shares make marginal increases that could be setting the stage for a further bull market on the horizon. Among them is Amazon (AMZN), as its Amazon Web Services (AWS) AI expansion may be poised to push the stock closer to the $305 level. The cloud computing sector has been one of the fastest growing in the technology space. Alongside AI, it has garnered significant demand on Wall Street. Yet, Amazon continues to be the cream of the crop, and it may be set to only further extend its lead against a crowded field. Source: REUTERS/Gonzalo Fuentes Also Read: Alphabet (GOOGL) or Amazon (AMZN): Which Stock is Better Buy in March? Amazon AWS Makes Key AI Expansion as Experts Have High Hopes for Stock Like many of its mega-cap peers, Amazon has struggled in March. Currently priced at $202, shares have plummeted more than 5% over the last 30 days. Although they have reboun...