Amazon: Down 13% Since Reporting Earnings, Giant Looks Ripe for a Rebound

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The key to Amazon's success has been integrating AI with other services, boosting AWS's operating income to $9.3 billion—exceeding forecasts. AWS has become Amazon's core business, surpassing revenue from its North American and international e-commerce segments. Analysts have set an average target price of $220.48 per share for Amazon, reflecting a 36.16% increase from its closing price of $161.93 on August 7.

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