Amazon.com (NASDAQ:AMZN) is one of the top “blue chip” stocks that were suddenly on fire in April. Reuters reported on May 7 that, according to the French telecoms regulator, Amazon.com’s Prime Video is set to invest at least 90 million euros ($105.95 million) in European video and movie production in the French language this year. It added that ARCOM, the regulator, said in a statement that the investment requirement would increase to 110 million euros if the streaming service releases at least one film fewer than 12 months after it premiered in theatres. In 2021, the amount had been set at 40 million euros per year, and the amounts for the coming years would depend on Prime Video’s sales revenues.
In a separate development, Raymond James lifted the price target on Amazon.com, Inc. to $280 from $225 on May 1 and maintained an Outperform rating on the shares. The firm told investors in a research note that although AWS delivered slightly softer-than-expected 28% growth, major AI partnerships and expanding agentic capabilities across models, tools, and compute considerably bolster its long-term position. This lifts RPO expectations and reinforces AWS as a key platform for enterprise and consumer AI commercialization.
Amazon.com, Inc. provides its customers with a range of products and services. It offers advanced tools for AR and VR developers through its Amazon Web Services (AWS) platform.
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