Amazon.com (AMZN) – Among the 10 Best Dow Stocks to Invest in Now

Amazon.com, Inc. (NASDAQ:AMZN) is included among the 10 Best Dow Stocks to Invest in Now.

Amazon.com (AMZN) - Among the 10 Best Dow Stocks to Invest in Now

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On April 20, Bank of America raised its price recommendation on Amazon.com, Inc. (NASDAQ:AMZN) to $298 from $275. It reiterated a Buy rating on the shares. Ahead of the company’s Q1 report scheduled for April 29, the firm now expects revenue of $178.4 billion and EBIT of $21.4 billion. That sits above Street estimates of $177.1 billion and $20.7 billion, the analyst said in a preview note. The firm also lifted its year-over-year AWS growth estimate to 28%, compared to the Street at 25%. It added that expectations could reach as high as 29%.

Also on April 20, CNBC reported that Amazon has agreed to invest up to $25 billion in Anthropic, adding to the $8 billion it has already invested in the artificial intelligence startup. The expanded agreement is focused on building out AI infrastructure.

Anthropic said it plans to spend more than $100 billion on Amazon Web Services over the next 10 years. This includes current and future versions of Trainium, Amazon’s custom AI chips. The company also said it has secured up to 5 gigawatts of capacity to train and run its Claude AI models.

Amazon’s investment includes $5 billion upfront, with up to $20 billion more tied to certain commercial milestones, according to the release. The initial investment is based on Anthropic’s latest valuation of $380 billion.

Amazon.com, Inc. (NASDAQ:AMZN) offers a wide range of products and services. Its retail platform includes items it buys for resale, along with products sold by third-party merchants.

While we acknowledge the risk and potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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