Amazon Maintains Strong AI Positioning, Barclays Reiterates Overweight Rating

Barclays reiterated its Overweight rating and $300 price target on Amazon.com (NASDAQ: AMZN), highlighting strengthening momentum in its cloud business driven by AI-related demand. The firm noted that Amazon Web Services (AWS) secured a major agreement with OpenAI, bringing total expected spending on AWS to approximately $138 billion over the next seven to eight years. Barclays incorporated this into its projections, assuming a gradual ramp beginning in 2026. The analyst expects this to be reflected in AWS ...