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Top tech analyst says people are buying more things on Amazon because of AI. He raised his price outlook as a result

  • Posted on August 28, 2026
  • By CNBC
  • 1 Views
  • 1 min read
In brief

Evercore ISI analyst predicts Amazon's e-commerce platform will experience significant growth driven by artificial intelligence adoption. As AI technologies become more prevalent across digital retail, consumers are increasingly leveraging AI-powered recommendation engines and personalized shopping experiences on Amazon. This trend has prompted the analyst to revise upward their price targets for the tech giant, signaling confidence in AI's transformative impact on online purchasing behavior and consumer spending patterns.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Top tech analyst says people are buying more things on Amazon because of AI. He raised his price outlook as a result
Top tech analyst says people are buying more things on Amazon because of AI. He raised his price outlook as a result

Amazon.com could rally as wider AI adoption drives up sales on its online shopping platform, per Evercore ISI.
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Author
CNBC

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