AWS Secures $100B Anthropic Deal, Meta Chip Pact as Capex Plan Tops $200B
Amazon shares rose 25% over the last month after AWS secured a $100 billion Anthropic deal and a Graviton5 pact with Meta. The company plans $200 billion in 2026 capital expenditures and reports Q1 earnings April 29, while a 37 P/E ratio highlights valuation risk.
1. Share Performance and AI Wins
Amazon’s stock has jumped over 25% in the past month, propelled by AWS securing a multi-year $100 billion agreement with Anthropic and a Graviton5 chip partnership with Meta, which lifts its custom chip business to a $20 billion annual run rate.
2. 2026 Capex Commitment and Earnings Date
The company has earmarked $200 billion for capital expenditures in 2026 to expand its AI infrastructure and cloud operations, and is set to release its Q1 results on April 29.
3. Valuation Considerations
With a trailing P/E ratio of 37, investors are debating whether the stock’s uptick and long-term AI growth prospects justify the current valuation amid heavy capex outlays.