Changes in US stocks | Amazon (AMZN.US) rose nearly 4%, listed it as the preferred stock and raised its target price to $350

The Zhitong Finance App learned that on Monday, Amazon (AMZN.US) rose nearly 4% to $259.63. According to the news, on October 19, Morgan Stanley listed Amazon as the preferred stock and raised the target price from $335 to $350. Additionally, the American power company AEP announced that it has reached a joint development agreement with Amazon and advanced nuclear technology company X-energy to explore the construction of a 960 megawatt nuclear power project in Indiana. Amazon plans to purchase the project's electricity through a long-term power purchase contract, and the contract revenue will cover the cost of the facility. The project will use advanced nuclear energy technology to meet the growing power demand in data centers and other fields.