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When Amazon (AMZN<\/a>) reports earnings on April 29, it may have some bullish numbers to convey to Wall Street.<\/p>\n And AI juggernaut Anthropic (ANTH.PVT<\/a>) may be a large reason why.<\/p>\n “We believe AWS [Amazon Web Services] is benefiting from a combination of capacity gains, AI diffusion, and client expansion,” KeyBanc analyst Justin Patterson said in a note on Monday. “Anthropic has been a long-standing AWS customer, and its rapid growth in annual recurring revenue (from $9 billion in December 2025 to $30 billion in early April 2026) provides a meaningful tailwind to AWS growth (we assume AWS is about 60% of Anthropic spend).”<\/p>\n Anthropic has had a huge year on the development front, likely pointing to the need to extract as much AWS cloud computing power as possible.<\/p>\n This month, the company released Claude Opus 4.7 \u2014 its most advanced reasoning model to date. It also unveiled the controversial Claude Mythos, a “hyper-agentic” model so powerful that Anthropic has restricted it from public release<\/a> due to national security risks.<\/p>\n A 30% revenue growth rate for AWS for the quarter would likely be well-received by the Street, as it would represent an acceleration from 2025. AWS generated $128.7 billion in revenue in 2025, representing a 20% increase from the prior year.<\/p>\n Read more: <\/em>Live coverage of corporate earnings<\/em><\/a><\/p>\n While AWS sales stand to get an Anthropic jolt, Amazon’s balance sheet could also show a big boost from the model builder.<\/p>\n Amazon has invested $8 billion in Anthropic since late 2023. At the end of last year, the company held $45.8 billion of convertible notes and $14.8 billion of nonvoting preferred stock in Anthropic, per its annual report. That puts Amazon’s total stake at a valuation of $60.6 billion.<\/p>\n Anthropic announced a $30 billion capital raise in February, valuing it at $380 billion. It’s the third-highest valued private company, according to Yahoo Finance data<\/a>. It has reportedly received investor interest at a $800 billion valuation<\/a> recently.<\/p>\n Besides Anthropic, KeyBanc’s Patterson said Amazon AWS will benefit from strong AI-related demand. It’s a view supported by strong earnings results<\/a> out of chip manufacturer Taiwan Semiconductor (TSM<\/a>) last week.<\/p>\n Increasing adoption of AI “increases the likelihood of 30% year over year AWS growth in the first quarter, with further acceleration likely in 2026,” Patterson said.<\/p>\n “Finally, we note Amazon CEO Andy Jassy seemed open-minded in the annual shareholder letter to selling Trainium chips to third-parties,” Patterson added. “Chips have already surpassed $20B in revenue (>triple-digit year over year growth) through AWS, implying there could be one more growth lever to pull.”<\/p>\n<\/p><\/div>\n When Amazon (AMZN) reports earnings on April 29, it may have some bullish numbers to convey to Wall Street. And AI juggernaut Anthropic (ANTH.PVT) may be a large reason why. “We believe AWS [Amazon Web Services] is benefiting from a combination of capacity gains, AI diffusion, and client expansion,” KeyBanc analyst Justin Patterson said in … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":28076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-28075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.jubi24.com\/wp-content\/uploads\/2026\/04\/Amazon-expected-to-report-a-strong-quarter-on-the-backs.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts\/28075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28075"}],"version-history":[{"count":1,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts\/28075\/revisions"}],"predecessor-version":[{"id":28077,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts\/28075\/revisions\/28077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/media\/28076"}],"wp:attachment":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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