Amazon Eases Anthropic Overhang With Pentagon Deal

An analyst argues Amazon.com Inc. has largely resolved its 'Anthropic' overhang after OpenAI's Pentagon contract routed through AWS, and cites Nvidia's reported 1 million-GPU deal as evidence the company's AI infrastructure buildout is real and accelerating. The note highlights AWS's outsized profitability—18% of revenue but 57% of operating income—technical support around $200, and a 194% increase in new institutional 13F positions, reiterating a Buy rating with more upside expected in H2.