Hinde Group Boosts Amazon.com (AMZN) Amid AI Capacity Bottlenecks and High Enterprise Backlog in AWS

The article highlights Hinde Group’s Q2 2026 investor letter, which increased its conviction in Amazon as AI infrastructure demand and AWS backlog remain strong despite capacity bottlenecks. The fund says it significantly added to AMZN in February after shares sold off on concerns about returns on AI-related capex, viewing those concerns as misplaced. Amazon was already a long-term holding and was one of the fund’s smaller positions at the start of 2026. The piece also notes Amazon’s strong stock performance, large market capitalization, and robust Q1 2026 revenue growth, reinforcing a bullish thesis tied to cloud, e-commerce, Prime, and AI-led growth. Overall, the market implication is supportive for AMZN as institutional commentary signals confidence in Amazon’s ability to monetize AI investment and sustain growth.