US President Donald Trump unveiled a $500 billion AI infrastructure project ‘Stargate’ with Softbank, Oracle, and Open AI on Tuesday. The new project includes constructing colossal data centers and the key technology partners include Microsoft, Nvidia, and Arm. Trump wants the AI technology “to be in this country” and not let China and other nations take over the US. Amazon stock could also gain from the AI boom as the firm is working towards its fully-managed artificial intelligence Lex.

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Amazon Price Target: AMZN Could Reach $270 to $285 Level as AI Grows

AMZN started 2025 on the front foot and has surged nearly 5% in the last three weeks. The surge in price comes despite increasing competition in cloud computing services and the AI sector. Rivals like Google’s Alphabet, Microsoft, and Azure, among others, are heavily investing in the AI infrastructure. Amazon could also play a pivotal role in the technology and be among the top service providers.

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Taking all the SWOT challenges into consideration, Truist Securities recently gave Amazon stock a ‘buy’ call. The financial firm predicts that AMZN could reach a high of $270 amid the ongoing AI boom. AMZN is currently trading at the $230 mark and surged by nearly 5 points on Wednesday. If the stock zooms to $270, that would be an uptick and a return on investment (ROI) of approximately 17.5%. Therefore, an investment of $1,000 could turn into $1,175 if the forecast turns out to be accurate.

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In addition, securities brokerage firm Citizens JMP has gone further bullish on Amazon stock predicting it could reach a high of $285. The firm highlighted Amazon’s state-of-the-art tech in the computing and AI sector. It added that the AI boom under Trump and governmental support could push AMZN to a new high. The next four years look promising to the AI industry and tech giants are investing billions to advance the technology.