Wall Street Bullish on Amazon and Nvidia as AI and E-Commerce Stocks Soar in 2023
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Amazon and Nvidia stocks have far outpaced the broader market in 2023, with Amazon up 51% and Nvidia up 194%.
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Wall Street analysts see 36% upside for Amazon stock and 52% upside for Nvidia in the next 12-18 months.
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Amazon is poised to benefit from increased consumer spending and its leadership in e-commerce and cloud computing.
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Nvidia is perfectly positioned to capitalize on the AI gold rush with its GPUs that power AI systems.
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Despite strong gains already, analysts are overwhelmingly bullish on Amazon and Nvidia, citing growth potential and historically low valuations.