Amazon's Leaner Structure and AI Chip Partnership with Intel Could Boost Growth: BofA Analyst
Portfolio Pulse from Anusuya Lahiri
BofA Securities analyst Justin Post maintains a Buy rating on Amazon with a $210 price target, citing cost savings and a partnership with Intel for AI chips. Amazon's leaner structure and AWS's AI capabilities are expected to drive growth.
September 17, 2024 | 4:28 pm
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BofA analyst Justin Post maintains a Buy rating on Amazon with a $210 price target. Amazon's cost-saving measures and partnership with Intel for AI chips are expected to boost growth, particularly in AWS.
The analyst's Buy rating and price target increase are based on Amazon's strategic cost-saving measures and its partnership with Intel for AI chips, which are expected to enhance AWS's offerings and drive growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Intel partners with Amazon to produce custom AI chips for AWS, expected to be cost-effective and built on Intel's advanced process node. This partnership could enhance Intel's position in the AI chip market.
Intel's partnership with Amazon to produce custom AI chips for AWS positions it as a key player in the AI chip market, potentially boosting its market share and revenue.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80