Amazon (AMZN) stands at the cusp of a strategic inflection point, and investors are taking notice. In a bold move, Wells Fargo just upgraded Amazon stock's rating from “Equal Weight” to “Overweight”, citing renewed confidence that Project Rainier could meaningfully accelerate Amazon Web Services (AWS) growth. At its core, Rainier represents Amazon’s bet on building proprietary AI and cloud infrastructure — a bet that, if executed well, could reshape its earnings trajectory for years to come. Rainier could ...