On Sunday, Amazon.com, Inc. (NASDAQ:AMZN) drew a bullish call from Futurum Group CEO Daniel Newman, who said the stock is one of their “best ideas” for 2026, echoing a UBS forecast.
Newman, UBS Align On Amazon’s 2026 Upside
Newman said on X that Amazon is “one of our best ideas for ’26,” acknowledging a choppy start but arguing that Amazon Web Services’ growth is only beginning to reaccelerate.
He cited UBS research that projects AWS growth could double to 38% in 2026, up from an estimated 19% in 2025.
UBS Sees Explosive AWS Growth, Strong Earnings Leverage
UBS said Amazon’s disclosure of $200 billion in 2026 capital expenditures far exceeded expectations, but reflects sustained demand for cloud and AI services.
The bank expects AWS backlog to ramp toward $400 billion by the end of 2026, supporting mid-30% growth into 2027 if capital intensity remains elevated.
Amazon Defends AI Spending As Returns Show Up
Amazon executives have pushed back against investor concerns that heavy spending…
