Analysts Eye Anthropic’s Role in Amazon’s (AMZN) AI Growth Story

Core Insights - Amazon.com, Inc. is recognized as a prominent AI stock on Wall Street, with Barclays analyst Ross Sandler maintaining an Overweight rating and a price target of $275.00 [1] - The analysis focuses on the growth of Amazon Web Services (AWS) driven by AI workloads, particularly the contribution from Anthropic [1] AWS Growth and Anthropic's Contribution - Anthropic is currently contributing an estimated 100 basis points to AWS growth in Q2 2025, with potential to increase to 400 basis points per quarter once Claude 5 training and existing inference revenues are realized [2] - AWS is projected to generate approximately $1.6 billion in inference revenue from Anthropic in 2025, with Anthropic's annual recurring revenue (ARR) expected to rise from $1 billion to $9 billion throughout the year [4] Relationship Dynamics and Market Context - The partnership between AWS and Anthropic appears to be under strain, with concerns about the sustainability of revenue streams due to competition from other AI models, such as OpenAI's GPT-5 [4] - The broader adoption of AI technologies beyond major players is still developing, indicating that the deployment stage for AI revenue generation is not yet fully realized [3][4]