Amazon.com, Inc. (NASDAQ:AMZN) is one of the Trending AI Stocks on Wall Street. On July 10, Citizens JMP analyst Andrew Boone raised the price target on the stock to $285.00 (from $250.00) while maintaining a “Market Outperform” rating.

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Wall Street gave up gains Friday after President Donald Trump hit Canada with a fresh 35% tariff and promised more across the board. This came just a day after the S&P 500 set a brand new all-time high.

Probably the biggest concern about the stock, though, is that its valuation is unjustifiable. Palantir's shares trade at 238 times forward earnings. Its price/earnings-to-growth (PEG) ratio, which factors in analysts' earnings growth projections over the next five years, is a sky-high 4.18, according to LSEG.

Stock indexes closed higher on Wall Street, enough to nudge the S&P 500 and the Nasdaq composite to more records.

Nvidia (NASDAQ: NVDA) stock currently trades for around $155. However, Loop Capital just gave Nvidia a new price target of $250 per share. That indicates around 60% upside from today's price, but the implications of a $250-per-share stock are far greater.

MongoDB develops the leading document-oriented database, a technology that lends itself to AI applications, and the current valuation is cheap versus the three-year average.

By Sinéad Carew and Pranav Kashyap (Reuters) -Wall Street indexes rose on Thursday, with the S&P 500 and the Nasdaq Composite marking closing record highs, as investors shrugged off President Donald Trump's latest tariff moves,