Amazon Pulls The Mag 7 Higher

Amazon (AMZN.OQ) is leading the Mag 7 gains, up roughly 13% year-to-date, driven less by being the AI front-runner than by diversified revenue streams and AWS’s distribution advantage for enterprise AI. The article highlights Amazon’s large planned AI and data-center spending (cited at $200 billion), its likely $33 billion investment in Anthropic and a major multi-year tie-up with OpenAI (a reported $50 billion commitment phased over time). AWS holds about 28% of cloud infrastructure vs. Microsoft Azure’s 21% and Google’s 14%, positioning Amazon to capture enterprise AI demand and potentially outperform its big-tech peers.