Amazon Stocks Rise 4.05% as JPMorgan Adds It to Focus List on AWS Khac Phu Nguyen Mon, November 9, 2026 at 1:03 PM EST 1 min read AMZN +3.26% BR36063-USD +8.04% Trade AMZN on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Amazon.com (NASDAQ:AMZN) shares advanced 4.05% to $269.79 as of 10:44 a.m. ET on Monday, November 9, in regular trading, after JPMorgan's Doug Anmuth named the company a top AI pick on the bank's focus list. Anmuth wrote that Amazon "now expects AWS revenue growth of 40%+ in 2027 & 2028," with AWS reaching $1 trillion in revenue within five to ten years and "improving capex payback."
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The evidence sits in Amazon's own numbers. The company said AWS grew 39.3% in the third quarter, its sixth straight quarter of acceleration and fastest pace in nearly five years. Backlog reached $578 billion, up triple digits year over year. CEO Andy Jassy said Amazon is installing an AI accelerator about every 14 seconds. Revenue commitments for its Graviton and Trainium chips each rose more than 20x, and Bedrock token volume climbed roughly 17x.
Amazon scores 94/100 on GuruFocus's GF Score, powered by a 10/10 Growth rank, 8/10 Profitability and 8/10 Momentum. Financial Strength is the softest dimension at 7/10, a fair reading for a company pouring cash into AI capacity, and GF Value Rank sits at 7/10 with the price about 4% above the GF Value of $258.50. Simple math shows the stakes of JPMorgan's call: growth of 40% for two straight years nearly doubles a revenue base, since 1.4 times 1.4 equals 1.96. The risk is cost, not demand, because capex payback decides whether that growth lifts free cash flow or absorbs it. The next checkpoint is fourth-quarter AWS growth holding near 40% alongside steady AWS margins.