Amazon Holds Near $271 as Anthropic Hits $30B Run Rate

Amazon shares traded near $271 on May 29, buoyed by Anthropic’s jump to a $30 billion annualized revenue run rate that drives incremental AWS demand. The week-long rally built on Bank of America’s May 21 estimate of $215 billion in Alexa for Shopping GMV by 2035 and confirmation of $200 billion 2026 AI capex. Wolfe Research named AMZN its top internet pick on May 27 while UBS highlighted a $35 billion Bedrock backlog and raised its 2026 AWS forecast above consensus. Institutional buying from Artisan Value Fund and sustained analyst upgrades reinforced the bullish outlook amid ongoing AI tailwinds.