Oct 27 - Amazon.com rose 7% on Friday on a pick up in growth at its most profitable cloud business as it aims for a larger share of the booming artificial intelligence market in a race with Microsoft.
He also touted the AI opportunity for Amazon Web Services , saying that he expected the technology to lead to"tens of billions of dollars in revenue over the next several years". About 26 brokerages raised their price targets on the stock, pushing their median view to $173, according to LSEG data. "Amazon Web Services optimization has stabilized, although growth fell slightly shy of our expectations," Morningstar analyst Dan Romanoff said.
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