Bank of America Securities Reiterates a Buy on Amazon.com (AMZN)

​Amazon.com, Inc. (NASDAQ:AMZN) is 1 of the Best Cloud Stocks to Buy Now. On November 21, Justin Post from the Bank of America Securities reiterated a Buy standing connected the banal with a $303 terms target. Earlier connected November 19, Mark Shmulik from Bernstein had besides reiterated a Buy standing connected the banal with a $300 terms target.

​The affirmative outlook connected the banal follows the company’s caller concern with HUMAIN, announced connected November 19. Under this partnership, Amazon.com, Inc. (NASDAQ:AMZN) volition enactment with HUMAIN, which is simply a Public Investment Fund company, to deploy and negociate 150,000 AI accelerators successful a information halfway installation called “AI Zone” successful Riyadh, Saudi Arabia.

​The AI Zone would beryllium a first-of-its-kind installation successful Saudi Arabia, which volition enactment NVIDIA’s latest GB300 AI infrastructure and Amazon.com, Inc.’s (NASDAQ:AMZN) Trainium AI chips. The merchandise highlighted that the infrastructure astatine this installation volition enactment a scope of compute-intensive workloads, including exemplary grooming and moving inference of AI applications.

​In addition, HUMAIN volition besides articulation the company’s AWS Solution Provider Program, allowing customers to person entree to AWS services. This collaboration builds upon the earlier announcement of a strategical collaboration betwixt the 2 companies announced successful May 2025, wherever the companies shared their associated concern program of investing much than $5 cardinal successful AI infrastructure successful Saudi Arabia.

​​Amazon.com, Inc. (NASDAQ:AMZN) is simply a planetary retailer offering a wide scope of products done online and carnal stores, focusing connected selection, price, and convenience.

While we admit the imaginable of AMZN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.