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Amazon (AMZN) rarely gets the same artificial intelligence (AI) hype as its rivals even though it has quietly been laying the foundation powering AI. Through Amazon Web Services (AWS), custom chips, and now a massive long-term partnership with Anthropic, the company is positioning itself as the infrastructure backbone of the AI era.
AMZN stock is up almost 11% year-to-date (YTD), outperforming the broader market. What does this latest deal with Anthropic mean for Amazon stock?