AWS re:Invent Could Boost Amazon Stock, J.P. Morgan Says

Amazon (AMZN) shares have climbed 7% in the past week, with JPMorgan analyst Doug Anmuth urging investors to “load up” ahead of AWS re:Invent (Dec 1–5). The upcoming event is expected to highlight Amazon’s AI and cloud strategy, including updates on the next-gen Trainium 3 chips, Project Rainier scaling, and the $38B OpenAI partnership. Despite a $15B debt raise and market noise, AWS demand remains strong, with a Q3 backlog of $200B—up 22% YoY. Anmuth maintains an Overweight rating and a $305 price target, projecting more than 30% upside in the coming months. With strong analyst consensus and growing AI adoption, AWS is positioned to drive continued momentum for Amazon into 2026.

https://www.tipranks.com/news/load-up-ahead-of-aws-reinvent-says-j-p-morgan-about-amazon-stock