Amazon Adds Jeep, Chevrolet and Subaru to Auto Marketplace, AWS AI Run Rate Tops $15B
Amazon is adding mainstream brands like Jeep, Chevrolet, Kia, Mazda and Subaru to its Amazon Autos platform, expanding vehicle sales beyond Hyundai and reaching more cities. Separately, Stifel cut its price target to $294 from $300, highlighting AWS AI revenue run rate past $15 billion and $200 billion planned capital spending.
1. Amazon Expands Auto Marketplace
Amazon has added mainstream brands such as Jeep, Chevrolet, Kia, Mazda and Subaru to its Amazon Autos platform, building on its initial Hyundai offering. Local dealerships continue to set prices and handle vehicle delivery, while Amazon manages online shopping, financing and checkout for a more streamlined car-buying experience.
2. Stifel Trims Price Target
Stifel lowered its price objective for Amazon shares to $294 from $300, citing uncertainty over potential increases in consumer costs related to energy prices. The firm maintained a Buy rating, noting that Amazon’s diversified operations offer resilience during economic volatility.
3. AWS AI Growth and Capital Spending
Amazon Web Services reported an AI revenue run rate exceeding $15 billion, while its custom Graviton and Trainium chips have reached an annualized value over $20 billion. The company plans roughly $200 billion in capital expenditures this year to expand infrastructure for AI workloads, reinforcing its cloud growth strategy.