Truist Raises PT On Amazon.com (AMZN) To $320, Reiterates “Buy” Rating

Amazon.com, Inc. (NASDAQ:AMZN)’s unreality concern has already served arsenic the backbone of the AI buildout. Yet a ten-year, $100 cardinal committedness from Anthropic indicates that maturation is lone acceptable to accelerate from here.

On May 29, 2026, Truist raised its terms people connected Amazon.com, Inc. (NASDAQ:AMZN) to $320 from $310, keeping a “Buy” rating. The steadfast lifted its AWS gross estimates for fiscal 2027 and beyond to amended bespeak the imaginable flow-through from the company’s precocious announced $100 cardinal partnerships with some Anthropic and OpenAI and the corresponding designation successful revenues from backlog. The expert contended that statement is underestimating some fiscal 2027 capex and gross growth.

The Anthropic concern is simply a large operator of that outlook.

Anthropic is committed to spending much than $100 cardinal implicit the adjacent 10 years connected AWS technologies, encompassing existent and aboriginal generations of Amazon.com, Inc. (NASDAQ:AMZN)’s Trainium customized silicon and tens of millions of Graviton CPU cores. Anthropic volition unafraid up to 5 gigawatts of capableness to bid and powerfulness its AI models, including important Trainium3 capableness expected to travel online this year. The collaboration besides includes expanded planetary inference successful Asia and Europe to service Claude’s increasing lawsuit base.

Amazon.com, Inc. (NASDAQ:AMZN) volition besides put $5 cardinal successful Anthropic, with up to an further $20 cardinal tied to definite commercialized milestones, connected apical of the $8 cardinal antecedently invested. According to management, much than 100,000 customers presently tally Anthropic’s Claude models connected AWS, making Claude 1 of the astir wide utilized exemplary families connected Amazon Bedrock.

Amazon.com, Inc. (NASDAQ:AMZN) operates crossed e-commerce, integer content, advertising, and unreality computing. Its online and offline stores connection some in-house and third-party products, portion its Amazon Web Services (AWS) part runs 1 of the world’s largest information halfway networks.

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