Amazon's AI-Fueled Ascent: Analyzing the Tech Giant's Shifting Landscape

Nov 12, 2024 · 2m 24s
Amazon's AI-Fueled Ascent: Analyzing the Tech Giant's Shifting Landscape
Description

**Amazon (AMZN) Analysis** 1. **Current Price and Intraday Trading Range**: As of the latest data, Amazon's stock price is $206.84, with a recent intraday range of $205.59 to $209.93[2][4]. 2....

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**Amazon (AMZN) Analysis**

1. **Current Price and Intraday Trading Range**: As of the latest data, Amazon's stock price is $206.84, with a recent intraday range of $205.59 to $209.93[2][4].

2. **Pre-market and After-hours Movement**: The latest data does not provide specific pre-market and after-hours movements, but it indicates a decrease of -0.89% in the past 24 hours[5].

3. **Trading Volume vs Average**: The current data does not specify the trading volume compared to the average, but it's essential to monitor this for unusual activity.

4. **Recent News or Announcements**: Amazon is reportedly discussing a second multi-billion dollar investment in AI startup Anthropic, following its initial $4 billion investment[1].

5. **Major Analyst Updates or Price Target Changes**: The median target price from 100 analysts is $203.59, with a high estimate of $250.00 and a low estimate of $145.00. The consensus rating is "buy," with 98 buy ratings, 2 hold ratings, and 0 sell ratings[3].

6. **Options Flow Activity**: The current data does not provide specific options flow activity, but it's crucial to track this for insights into market sentiment.

7. **Related Semiconductor/AI Sector News**: Amazon's investment in Anthropic highlights its focus on AI, which could be influenced by broader semiconductor and AI sector trends.

8. **Key Technical Indicators for Day Trading**:
- **52-Week High/Low**: $212.19 / $139.52[4].
- **Beta**: -0.02, indicating low volatility[4].
- **TTM EPS Trend**: 4.67 (+117.21% YoY)[4].
- **TTM PE**: 42.34, considered low[4].
- **Market Sentiment**: Very Bullish, with a 6.14% increase in the last month and a 30.12% YTD increase[4].

**Summary**: Amazon's stock is currently at $206.84, with a recent focus on AI investments. Analysts have a "buy" consensus, and technical indicators show a bullish trend. However, it's essential to monitor trading volume and options flow for a comprehensive view.
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Author QP-4
Organization William Corbin
Website -
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