Amazon reported second-quarter revenue of $200.6 billion, a 20% increase from a year earlier. Morgan Stanley, RBC Capital, Roth Capital, and Telsey Advisory all raised their price targets, pointing to accelerating cloud demand and the tangible monetization of generative AI. Analysts at BNP Paribas reiterated their bullish stance, outlining a long-term trajectory for AWS to independently reach a $1 trillion valuation. Cementing its position in the fiercely competitive AI landscape, Amazon also disclosed a massive $35 billion commitment to OpenAI. Related articlesAmazon surpasses $3 trillion valuation as AI and cloud propel sharesNew survey shows risks from crowded trades are risingStrategy is prioritizing liquidity over bitcoin accumulation