Phillip Securities lifted Amazon to Buy from Accumulate on Monday and raised its price target to $330 from $320, citing visibility in AWS demand and the company's positioning in artificial intelligence, according to media reports; the stock climbed 2.5% on the day. Over the past week Amazon launched an AI program in Malaysia, unveiled a health-care partnership in London, announced a sustainability accelerator, trimmed staff in its devices unit and begun courting shoppers with a cut-price Thanksgiving menu. Amazon Web Services launched its Semarak AI Malaysia program today, which according to the company includes access to Amazon Quick for up to 445,000 government employees, alongside a GovHub pilot for 500 developers, with a stated goal of 4,000 developers by 2028. The AWS tie-up with Great Ormond Street Hospital is set to run until 2030 and cover clinical care, operations, research and training. Amazon also announced its Sustainability Deep Tech Accelerator, which will examine climate and materials technologies for possible use across Amazon Devices, AWS and Amazon Private Brands. On October 29, Amazon reported third-quarter 2026 net sales of $201.9 billion, up 12% year on year, with operating income of $28.1 billion; AWS grew 39% to $46.0 billion in the same quarter.