Gen-AI Trends Expected to Accelerate Cloud Migration, Benefiting Amazon and Alphabet: Analyst
Portfolio Pulse from Anusuya Lahiri
Mizuho analyst James Lee predicts that Gen-AI trends will accelerate cloud migration, benefiting Amazon and Alphabet. He expects the migration cycle to accelerate from 10 years to 5 years, increasing from 15%-20% currently to 75%. Lee maintains AWS as his top pick with a price target of $180 and a buy on Alphabet with a price target of $155.
September 08, 2023 | 7:26 pm
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POSITIVE IMPACT
Amazon is expected to benefit from the acceleration of cloud migration due to Gen-AI trends. AWS is the top pick of Mizuho analyst James Lee with a price target of $180.
The acceleration of cloud migration due to Gen-AI trends will likely increase the demand for Amazon's AWS services. This increased demand could potentially drive the company's stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Alphabet is expected to benefit from the acceleration of cloud migration due to Gen-AI trends. Mizuho analyst James Lee maintains a buy rating on Alphabet with a price target of $155.
The acceleration of cloud migration due to Gen-AI trends will likely increase the demand for Alphabet's cloud services. This increased demand could potentially drive the company's stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Alphabet is expected to benefit from the acceleration of cloud migration due to Gen-AI trends. Mizuho analyst James Lee maintains a buy rating on Alphabet with a price target of $155.
The acceleration of cloud migration due to Gen-AI trends will likely increase the demand for Alphabet's cloud services. This increased demand could potentially drive the company's stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100