Key facts: Amazon to report earnings; stock rises 3% on buy rating; plans robotics boost
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- Amazon.com will report earnings next week, with analysts eyeing its cloud-computing segment, expected to generate $25 billion to $30 billion annually from AI clients.1
- Amazon's stock rose 3% as Benchmark analyst Daniel Kurnos recommends it before Q3 earnings. He has a buy rating and a $260 price target, citing growth in cloud and advertising.2
- Amazon plans to boost its robotics program, targeting automation of 600,000 jobs by 2033, covering 75% of its operations and enhancing logistics across 300 facilities.3