Meta, Amazon Stocks Climb on Bullish Jefferies Notes Citing AI Strengths

Meta stock rose over 3% on analyst price target hikes from Jefferies, citing the company's AI and ad tech advantages
Amazon stock also traded higher following a Jefferies price target boost to $225
Jefferies sees "too many advantages to count" for Meta in digital ads vs. competitors
The firm believes Meta's $27B capex investment has yielded strategic advantages, including in AI and Reels
Jefferies also highlighted potential opportunities for Amazon in advertising and cloud, though AI improvements needed