Barclays Turns Bullish on Amazon as AWS AI Revenue Hits $15B Run Rate

Barclays turned bullish on Amazon and named it its top mega-cap pick after Amazon disclosed that AWS AI revenue reached a $15 billion annualized run rate in Q1 2026. Barclays also pointed to $20 billion in annual revenue from Trainium and Graviton chips, while the article cited a mean AMZN price target of $286.66 versus a current price around $248.

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