Movement Alert|Amazon.com Rises 3.06% in Regular Trading, Multiple AI Infrastructure Catalysts Drive Shares Higher

Market Focus
Aug 28

On August 28, Amazon.com rose 3.06% in regular trading, trading at $264.535/share, with turnover of $28.83 billion. Multiple bullish catalysts converged to drive the stock higher.

Evercore ISI raised its price target on Amazon.com to $355 from $315.20, maintaining an Outperform rating. The analyst consensus mean target stands at $330.28. On the same day, Amazon signed a power purchase agreement for 600 megawatts of electricity from the planned Gennaker offshore wind farm in the Baltic Sea off Germany, and invested in four Swedish wind energy projects, bringing its total clean energy capacity in Sweden to nearly one gigawatt across nine wind sites. These energy deals are designed to support the company's expanding Nordic data center footprint.

These developments follow the prior day's announcement that AWS will deploy an additional 2 million NVIDIA GPUs during 2027-2028, spanning Blackwell Ultra, Rubin, and Rubin Ultra products, reinforcing the scale of Amazon's AI infrastructure buildout. Additionally, Amazon Bedrock launched support for OpenAI GPT-5.6 models Terra and Luna in India, further broadening its cloud AI offerings.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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