Amazon's AWS Momentum Builds on AI Demand as Anthropic Drives Growth
Fresh reporting says Anthropic continues relying on AWS for core compute despite outside backing, reinforcing Amazon’s push to expand capacity.
Overview
- AWS revenue grew about 20% year over year to roughly $33 billion in Q3, extending the reacceleration tied to AI workloads.
- Coverage cites an AWS backlog near $200 billion as Amazon builds more data center capacity for AI customers.
- Despite a reported $15 billion investment in Anthropic by Microsoft and Nvidia, articles say Anthropic remains primarily on AWS.
- Recent write-ups highlight profitability gains, with one report putting AWS operating margin near 34.5% and another noting a 12% company operating margin excluding one-time charges.
- Blockonomi reports that Stanley Druckenmiller repurchased Amazon shares in Q3, allocating just over 2% of his portfolio to the stock.