Amazon.com Inc. (NASDAQ:AMZN) is one of billionaire David Tepper’s top stock picks heading into 2026. On December 10, TD Cowen’s John Blackledge kept a Buy rating on Amazon.com Inc. (NASDAQ:AMZN) with a $300 target. Two days earlier, on December 8, Roth MKM’s Rohit Kulkarni also reaffirmed a Buy, setting a $270 target.
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On December 9, Amazon.com Inc. announced plans to invest $35 billion in India across its business through 2030. The $35 billion investment will build on the $40 billion that the company has already invested.
The new $35 billion investment will go towards expanding the company’s businesses, focusing on artificial intelligence-driven digitization, export growth, and job creation. In India, Amazon has already digitized over 12 million small businesses and enabled $20 billion in cumulative ecommerce exports.
“Looking ahead, we’re excited to continue being a catalyst for India’s growth, as we democratize access to AI for millions of Indians and quadruple cumulative ecommerce exports enabled to $80 billion by 2030. In 2030, Amazon businesses will support 3.8 million direct, indirect, induced, and seasonal jobs,” said Amit Agarwal, Senior VP Emerging Markets, Amazon. “
Growing investment in India comes as the company expands same-day grocery delivery in the US to more than 2,300 cities and towns. The company plans to expand into more cities as perishable goods represent 9 of the 10 bestselling g items in areas where same-day grocery is available. While the company trails Walmart in total online grocery sales, it plans to close the gap through ongoing expansion.
Amazon.com, Inc. is a global technology company that operates a vast range of businesses, primarily in e-commerce, cloud computing, digital streaming, and artificial intelligence. It serves as a massive online marketplace where it sells a wide variety of products. It also offers cloud computing solutions in addition to offering digital entertainment and device sales.
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This article is originally published at Insider Monkey.
