The bullish case for Amazon's stock builds even further thanks to these two factors
Core Insights - Amazon's cloud-computing business is expected to gain momentum due to new developments at major customers like Anthropic and Pinterest [1] Group 1: Customer Developments - Anthropic, an AI safety and research company, is reportedly increasing its reliance on Amazon Web Services (AWS) for its cloud infrastructure [1] - Pinterest is also enhancing its partnership with AWS, which may lead to increased cloud service usage [1] Group 2: Market Implications - The growing adoption of AWS by these significant customers could signal a positive trend for Amazon's cloud revenue growth [1] - Increased demand from major clients like Anthropic and Pinterest may strengthen Amazon's competitive position in the cloud market [1]