Anthropic at $2.5T cap would be 20% of AMZN; AMZN up only 10% without stake

RihardJarc · x · 2026-08-28

Analysis suggests that if Anthropic reaches a $2.5 trillion market cap, Amazon's stake would represent 20% of its total market cap. Excluding this stake, Amazon's stock is effectively up only 10% over the last five years. This contrasts with AWS ARR growing from $64B in 2021 to $169B today (+160%).

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