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BMO Capital Raises AWS (AMZN) Growth Forecast as AI Demand and Claude Adoption Intensify [Yahoo! Finance]
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Amazon.com to $304 from $300 with an Outperform rating on the shares. Based on feedback from former AWS executives, BMO Capital reported that cloud commitments are intensifying and developers are increasingly gravitating toward the Claude model. With enterprise AI expected to scale by 2027, the firm boosted its assumed AWS growth rate from 23% to 24%. In other news, on December 9, Amazon announced a massive $35 billion investment in India to be deployed through 2030. This new capital builds upon the $40 billion the company has already invested since entering the market in 2010, bringing its total planned commitment to $75 billion. The strategy is built on three central pillars: AI-driven digitization, expanding export growth, and large-scale job creation. According to an Economic Impact Report by Keystone Strategy released at the summit, Amazon's operations have already digitized 12 million small businesses and enabled $20 billion in cumulative e-commerce exports. By 2030, the com
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