News
AI · Amazon · Anthropic · AWS
Amazon expanded its partnership with Anthropic, committing $100 billion over 10 years to AWS, which Wall Street analysts largely welcomed as a strategic win for Amazon's AI ambitions and its Trainium chip development.
Wells Fargo analyst Ken Gawrelski estimates Anthropic could generate $115 billion in AWS revenues between 2026 and 2028, potentially reaching $40 billion to $50 billion annually by 2028 with full deployment of 5 gigawatts of capacity. Gawrelski highlights the launch of Claude Platform on AWS, including Claude Cowork and Artifacts, as a significant competitive advantage.
Truist analyst Youssef Squali notes the deal strengthens Amazon's relationship with Anthropic and confirms Trainium's growing traction in AI workloads. Squali also states that combined anchor tenant commitments, including a separate OpenAI deal, now exceed $200 billion, which he believes will drive AWS revenue growth above the current consensus of 25% year-on-year in the second half of 2026 and beyond.
BMO Capital analyst Brian Pitz supports the long-term partnerships, stating they justify the approximately $200 billion in 2026 CapEx, reiterating an outperform rating and a $310 price target for Amazon. Amazon shares rose 2.6% premarket following the news.