Amazon shares closed at a record $284 on Aug. 3, up nearly 45% from their February 52-week low, after AWS beat expectations in the second quarter and CEO Andy Jassy said servers have a useful life of at least 5 to 6 years while most AI capacity is contracted for at least five-year terms. Since then the stock has fallen more than 7% with volatile trading. Morgan Stanley raised its price target to $350 from $335, implying 33% upside from Monday's close, and laid out five checkpoints for a rebound: AWS revenue growth, better-than-expected AWS margins and profit, the strategic value of Bedrock, proof Amazon can win in agentic AI, and benefits from physical AI such as robotics. Amazon reports third-quarter earnings after the market closes on Oct. 29.
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AMZNcloud computingartificial intelligenceMorgan Stanley
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/19/2026 | 262.45 |
| Change that session | +4.98% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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