Analyst: AMZN trades at just AWS + Anthropic stake value, market blind on non-semis AI plays

RihardJarc · x · 2026-09-23

Investor Rihard Jarc argues the market has been blindly hunting "the next semis bottleneck" all year while ignoring opportunities elsewhere. He says $AMZN essentially trades at AWS + its Anthropic stake value, assigning zero to everything else — and AWS's largest VM fleet gives it pricing leverage as demand rises.

Related event: Analyst: Amazon Priced Only for AWS and Anthropic Stake(2 posts)→

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