Amazon Reiterates Buy Rating as Anthropic and OpenAI Commit $225B to AWS

Key Facts

1Amazon reiterated its Buy rating as AI infrastructure capex is projected to reach $220 billion by 2026.

2Anthropic and OpenAI have committed over $225 billion in multi-year AWS and Trainium capacity.

3AWS delivered 37% YoY revenue growth in Q2 with a 39.4% operating margin.

Amazon reiterated its Buy rating for its stock as AI infrastructure capital expenditure is projected to reach $220 billion by 2026. Seeking Alpha reported that Anthropic and OpenAI have committed over $225 billion in multi-year AWS and Trainium capacity.

The AWS cloud division delivered 37% year-over-year revenue growth in the second quarter, maintaining an operating margin of 39.4%. Shares of AMZN closed at $246.67 on September 29, 2026, having reached a session high of $248.84.