Anthropic growth set to boost Amazon’s AWS revenue acceleration, says Bank of America

Core Viewpoint - Amazon.com Inc is expected to benefit from the rapid growth of AI startup Anthropic, which could lead to increased revenue for Amazon Web Services (AWS) as demand for AI services accelerates [2][3] Group 1: Anthropic's Growth - Anthropic's annualized revenue run rate has exceeded $19 billion, a significant increase from $9 billion at the end of 2025, indicating strong adoption of its AI models and tools [4] - The surge in Anthropic's revenue run rate suggests a quarterly revenue increase of over $2.5 billion for the AI firm [5] Group 2: Impact on AWS - Analysts estimate that if a significant share of Anthropic's workloads run on AWS, there could be an opportunity for up to a $1 billion quarter-over-quarter increase in Q1 AWS revenues related to Anthropic, surpassing the broader estimate of $900 million growth for AWS [6] - Anthropic is projected to significantly increase spending on cloud infrastructure, potentially paying hyperscale cloud providers up to $6.4 billion in 2026, up from $1.9 billion in 2025 [7] Group 3: Future Outlook for AWS - The strong demand for AI services from companies like Anthropic and OpenAI indicates continued growth opportunities for AWS [7] - Amazon's plans to double AWS power capacity by 2027 could lead to faster revenue growth, potentially driving upside to current Wall Street revenue estimates for the cloud business [8]