Amazon Stock Will Trade At $200 In 2024 As AI Accelerates Growth, Analyst Predicts
Benzinga
Evercore ISI’s Mark Mahaney believes the market is overlooking what artificial intelligence (AI) can do forAmazon.com Inc (NASDAQ: AMZN) stock.What To Know: Throughout 2023, the market bid up shares of Microsoft Corp (NASDAQ: MSFT) and Nvidia Corp (NASDAQ: NVDA) because of each company’s exposure to AI.”There’s going to be broad-based applications and I think actually AWS and Amazon are going to be one of the biggest beneficiaries,” Mahaney said Tuesday on CNBC’s “Squawk Box.” 2024 is looking bright for Amazon. Mahaney expects AI to be a driver of accelerating growth at Amazon in cloud computi… Read More “Amazon Stock Will Trade At $200 In 2024 As AI Accelerates Growth, Analyst Predicts”