Trust investors increase Amazon stake as analysts back AI and AWS
Trust Asset Management LLC increased its Amazon.com position by 3.3% in Q2 and MilWealth Group LLC raised its stake by 79.0% in Q4, with MilWealth setting a buy rating and a $335 target. The outlook is bolstered by expectations of heavy AI infrastructure spending and continued AWS momentum, including a reported $496 billion backlog and strong analyst support.