A recent AWS outage, caused by a DNS management bug in DynamoDB, disrupted over 2,000 services, including major cryptocurrency platforms like Coinbase and Robinhood. The incident, which affected user access and trading, was due to an empty DNS record in the US-East-1 region. AWS engineering teams have since disabled the faulty components and are working on long-term solutions.
In a related development, KeyBanc Capital Markets has resumed coverage of Amazon with an overweight rating and a $300 price target. The firm cites AWS's growth in AI and cloud infrastructure as key factors for its positive outlook on Amazon's stock.
AWS Outage Disrupts Major Crypto Platforms, KeyBanc Targets $300 for Amazon
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