"Shares of Amazon.com Inc ( NASDAQ: AMZN) have dropped roughly 9% over the past month, sliding from $249.32 in early November to $234.50 as of December 2. Yet retail sentiment on Reddit and prediction markets tells a different story. Mentions of Amazon across investing communities remain consistently bullish, with sentiment scores holding between 62 and 75 on a 100-point scale throughout the decline."
""Big move from Amazon: new AI chip Trainium3 aims to undercut Nvidia. Companies want cheaper AI compute, and Nvidia's pricing + demand backlog is still insane. If Amazon can offer decent performance for less, there's definitely a market for it." The post also acknowledged the challenge, noting that "Trainium3 doesn't have anything close to Nvidia's software ecosystem. CUDA and the entire Nvidia stack are still massive moats.""
Shares of Amazon fell roughly 9% from $249.32 in early November to $234.50 as of December 2. Retail sentiment across investing communities remained bullish, with sentiment scores between 62 and 75 on a 100-point scale. Amazon unveiled Trainium3, an AI chip positioned to undercut Nvidia on price and performance in AI infrastructure. Prediction markets on Polymarket assign a 30.5% probability of Amazon reaching $260 before year-end, implying about 10.9% upside. Sixty-four of 67 Wall Street analysts rate the stock Buy or Strong Buy, with an average price target of $295.03, roughly 26% above current levels. AWS revenue growth reaccelerated to 20.2% in Q3, AI chip adoption rose 150% quarter-over-quarter, net income increased 38% year-over-year to $21.19B, and management raised capital expenditure to $35.1B.
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