Analysts See More Upside for Amazon and Atlassian Stocks Despite Nvidia's Triple-Digit Surge
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Nvidia shares skyrocketed 263% over the past year amid AI excitement, but analysts see more upside for Amazon (15% upside) and Atlassian (22% upside) stocks over the next 12 months.
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Amazon is growing quickly in e-commerce, digital ads, and cloud computing. New AI products like Bedrock, CodeWhisperer, and Amazon Q leverage AI to drive future growth.
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Atlassian sells project management software that helps organizations plan and track projects like AI development. Its Atlassian Intelligence suite of AI features creates monetization opportunities.
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Atlassian aims to capitalize on the $37 billion market for its software, growing at 14% annually. Analysts expect 22% sales growth annually over the next 5 years.
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Investors should consider buying Amazon and Atlassian stocks at current valuations based on their strong growth trajectories.