NiSource stock price target raised to $50 from $44 at Mizuho on Amazon deal

Bank of America has revised its stock forecast for Amazon following a significant decline in the company's stock value, which has dropped approximately 8% over the past month despite a strong earnings report at the end of October. This decline is attributed to a broader sell-off affecting artificial intelligence stocks, including Nvidia, which has faced even steeper losses.

Mizuho has revised its stock price target for Kodiak Gas Services, lowering it to $44 based on updated estimates. This adjustment reflects a negative sentiment towards the company's performance in the market.

The founders of a new group of Amazon delivery company owners have organized to demand higher pay, citing that Amazon's policies have made it increasingly difficult to achieve profitability in package delivery. This initiative reflects growing dissatisfaction among delivery partners regarding their financial viability under current operational conditions.

Marvell, a key producer of custom AI accelerators for major tech firms like Amazon and Microsoft, experienced a decline in stock value following its earnings report. However, management's subsequent commentary on anticipated growth in the AI sector has sparked renewed interest among investors.

Mizuho has raised its stock price target for MongoDB to $310, attributing this increase to strong growth in the company's Atlas cloud database service. This adjustment reflects the positive performance and potential of MongoDB's offerings in the competitive market.

More than 1,000 Amazon employees have signed an open letter expressing concerns about the company's rapid rollout of artificial intelligence (AI), warning that it could cause significant harm to democracy, jobs, and the environment. The letter highlights fears that Amazon is prioritizing AI development over its climate goals and contributing to a surveillance state.