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Amazon Boosts FY27 AWS Forecast on $100B AI Deals

6/11/2026

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Summary

Story summary

Amazon.com, Inc. is raising its FY27 AWS revenue estimates to reflect $100 billion partnerships with Anthropic and OpenAI.
UBS analyst Stephen Ju says market consensus underestimates FY27 capital expenditures and revenue growth for AWS.
He maintains a Buy rating on Amazon shares and sets a price target of $333.
He cites rapid Bedrock growth and the AI contracts as reasons for above-consensus forecasts for AWS revenue and operating income through 2027.

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Story summary

Amazon.com, Inc. is raising its FY27 AWS revenue estimates to reflect $100 billion partnerships with Anthropic and OpenAI.
UBS analyst Stephen Ju says market consensus underestimates FY27 capital expenditures and revenue growth for AWS.
He maintains a Buy rating on Amazon shares and sets a price target of $333.
He cites rapid Bedrock growth and the AI contracts as reasons for above-consensus forecasts for AWS revenue and operating income through 2027.