U.S. Stocks in Motion | Amazon (AMZN.US) rises nearly 4%; Morgan Stanley names it a top pick and raises its price target to $350.

Zhitong Finance APP has learned that on Monday, Amazon (AMZN.US) rose nearly 4% to $259.63. On the news front, on October 19, Morgan Stanley added Amazon to its top picks and raised its target price from $335 to $350. In addition, U.S. utility American Electric Power (AEP) announced a joint development agreement with Amazon and advanced nuclear technology company X-energy to explore building a nuclear power project with an installed capacity of up to 960 megawatts in Indiana. Amazon plans to purchase electricity from the project through long-term power purchase agreements, and the contract revenue will cover facility costs. The project will use advanced nuclear technology and aims to meet growing electricity demand in areas such as data centers.