Amazon Stock Seen Rising 32% on AWS Growth and AI Backlog

Amazon's stock is expected to surge by nearly 32% in value over the next period, driven primarily by the rapid growth of its AWS segment and a significant backlog of AI projects. According to recent Q2 fiscal 2026 results, Amazon reported revenue increases of nearly 20%, with operating income rising by 43%. The AWS segment was particularly notable, growing at a rate of 37%.

The company's substantial investments in AI and cloud infrastructure, including its $496 billion AWS backlog and expanding advertising business, are expected to fuel further growth. However, there are also concerns about high capital expenditures and rising debt levels.