US Stock Movement | Amazon (AMZN.US) rises nearly 4% as Morgan Stanley names it a top pick and raises target price to $350

智通财经APP has learned that on Monday, Amazon (AMZN.US) rose nearly 4% to $259.63. In terms of news, on October 19, Morgan Stanley listed Amazon as its top pick and raised its target price from $335 to $350. In addition, American Electric Power Company (AEP) announced a joint development agreement with Amazon and advanced nuclear technology company X-energy, planning to explore the construction of a nuclear power project with an installed capacity of 960 megawatts in Indiana. Amazon intends to purchase power from this project through a long-term power purchase agreement, with contract revenue covering the facility's costs. The project will use advanced nuclear technology and aims to meet the growing power demand in areas such as data centers.