Reported about 13 hours ago
Amazon's substantial investment in the robotaxi sector, particularly through its $1.3 billion purchase of Zoox, is beginning to show promise as the company ramps up production capacity. While Amazon's dominance in e-commerce and cloud services overshadows its robotaxi endeavors, analysts are optimistic about the potential growth and impact on stock performance. With 47 out of 54 analysts rating AMZN stock a 'Strong Buy' and a consensus price target indicating further upside potential, many investors are keen to capitalize on Amazon's long-term growth prospects.
Source: YAHOO