AIBullishBlockonomi · 8h ago6/10
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Amazon (AMZN) Stock Positioned to Lead Magnificent 7 on AI and Cloud Strength, Says Barclays
Barclays issued a positive outlook on Amazon, citing its AWS division's $15B AI run rate and custom chip business valued at $20B annually, which drove the stock up 1.84%. The analysis positions Amazon as a potential leader within the Magnificent 7 tech stocks, supported by strength in cloud infrastructure and artificial intelligence capabilities.