AWS reports fastest AI-driven growth in over three years, fueled by Trainium chip demand and multi-year Anthropic agreement worth over $100 billion in AWS spending

AWS is experiencing its fastest AI-driven growth in over three years, tied to strong demand for Amazon's custom Trainium chips (custom processors that accelerate AI workloads). Trainium capacity is described as nearly sold out as enterprises ramp up cloud-based AI workloads on AWS.

Amazon enters a multi-year AI agreement with Anthropic, which plans to spend over $100 billion on AWS, while Amazon commits up to $25 billion in direct investment to support the partnership.

The Trainium rollout and Anthropic commitment position AWS as a central player in cloud-based AI workloads and custom silicon, with analysts noting the stock trades about 17% below the US$312.63 analyst price target range midpoint.