Amazon.com AMZN shares advanced 4.05% to $269.79 as of 10:44 a.m. ET on Monday, November 9, in regular trading, after JPMorgan’s Doug Anmuth named the company a top AI pick on the bank’s focus list. Anmuth wrote that Amazon “now expects AWS revenue growth of 40%+ in 2027 & 2028,” with AWS reaching $1 trillion in revenue within five to ten years and “improving capex payback.”
The evidence sits in Amazon’s own numbers. The company said AWS grew 39.3% in the third quarter, its sixth straight quarter of acceleration and fastest pace in nearly five years. Backlog reached $578 billion, up triple digits year over year. CEO Andy Jassy said Amazon is installing an AI accelerator about every 14 seconds. Revenue commitments for its Graviton and Trainium chips each rose more than 20x, and Bedrock token volume climbed roughly 17x.
Amazon scores 94/100 on GuruFocus’s GF Score, powered by a 10/10 Growth rank, 8/10 Profitability and 8/10 Momentum. Financial Strength is the softest dimension at 7/10,…
