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Amazon (AMZN) ☆

cloud & hyperscalers · Industry Index 36 (rank #5) · $243.79 (-4.20%) · mkt cap $2.6T

ⓘ Data freshness

price: as of 2026-10-29 index: as of 2026-10-29 fundamentals: latest filing 2026-07-31 Reports quarterly (10-Q XBRL)

Hyperscaler (AWS) with in-house Trainium/Inferentia silicon; Anthropic's primary cloud partner and investor.

Signal

signal: as of 2026-10-13

Short (~2 weeks)

18%
Low-confidence · Neutral
Conviction 18
  • News— Recent sentiment 0.37 vs 120d baseline 0.22 across 6 stories.[news][news][news]
  • Options positioning— Delayed per-contract options — call premium 69% / put 31% (net skew 0.38), unusualness 37/100. Context: matches: Amazon in talks to buy AI startup Decart in d….[options]
  • Price momentum— Technical uptrend across short+medium horizon(s) — vote 0.41, confidence 0.31 from 11 indicator sub-signal(s).[price] · derived internally
  • Structural— Industry Index 38.9 (rising 4.2 over window) — structural tailwind.[index] · derived internally

Medium (~3 months)

53%
Bullish
Conviction 53
  • Growth trend— Revenue 20% YoY (accelerating), net margin expanding.[filing]
  • Price momentum— Technical uptrend across short+medium horizon(s) — vote 0.41, confidence 0.31 from 11 indicator sub-signal(s).[price] · derived internally
  • Smart money— 4 filer(s) accumulating, 3 trimming in 2026Q2 (value-weighted net 0.21).[holding][holding][holding][holding][holding]
  • Structural— Industry Index 38.9 (rising 4.2 over window) — structural tailwind.[index] · derived internally

Long (~6 months)

63%
Bullish
Conviction 63
  • Growth trend— Revenue 20% YoY (accelerating), net margin expanding.[filing]
  • moat— Editorial prior (subjective, NOT backtested): wide moat / clear_leader / moderate pricing ⇒ wider/leading long-horizon tilt 0.38. Bounded, low-confidence input.[moat: Editorial moat profile — amzn — wide moat, clear_leader, moderate pricing (as of 2026-02-06)]
  • Structural— Industry Index 38.9 (rising 4.2 over window) — structural tailwind.[index] · derived internally

Show Details

Relationship network

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  • Synopsys — supplier
  • X-energy — portfolio company
  • X-energy — partner
  • CrowdStrike — customer
  • Datadog — customer
  • Duolingo — customer
  • MongoDB — customer
  • OpenAI — portfolio company
  • Salesforce — customer
  • Snowflake — customer
  • Stability AI — customer
  • Tempus AI — customer
  • Cipher Mining — supplier
  • Credo Technology — supplier
  • Marvell Technology — supplier
  • NetApp — partner
  • Seagate Technology — supplier
  • Talen Energy — supplier
  • Anthropic — portfolio company
  • Anthropic — customer · 50% · editorial estimate
  • NVIDIA — supplier · 40% · editorial estimate
  • Netflix — customer

Key relationships

  • Synopsys — supplier · Synopsys supplies silicon IP and AI-powered engineering software for Amazon custom chips and AWS infrastructure under a multi-year agreement source: prnewswire.com
  • X-energy — portfolio company · Amazon invested in X-energy's $700M Series C-1 financing round, alongside Dow and other funders, to support development of the Xe-100 small modular reactor and the TRISO-X fuel facility. source: x-energy.com
  • X-energy — partner · Amazon and X-energy are collaborating to bring more than five gigawatts of new power projects online across the US by 2039, aimed at data-center demand. No power has been delivered: the Xe-100 is pre-deployment. source: aboutamazon.com
  • CrowdStrike — customer · CrowdStrike operates its cloud-native Falcon platform on Amazon Web Services and discloses reliance on AWS. source: sec.gov
  • Datadog — customer · Datadog hosts its observability platform primarily on Amazon Web Services and discloses substantial dependence on AWS. source: sec.gov
  • Duolingo — customer · Duolingo runs its app infrastructure on Amazon Web Services and discloses reliance on AWS. source: sec.gov
  • MongoDB — customer · MongoDB delivers its Atlas managed database on Amazon Web Services and discloses reliance on AWS as a cloud infrastructure provider. source: sec.gov
  • OpenAI — portfolio company · Amazon agreed to invest $50 billion in the OpenAI funding round that closed at an $852 billion valuation. source: openai.com
  • Salesforce — customer · Salesforce relies on Amazon Web Services as a primary infrastructure provider, including running its Hyperforce platform on AWS. source: sec.gov
  • Snowflake — customer · Snowflake runs its data platform predominantly on Amazon Web Services and discloses substantial dependence on AWS. source: sec.gov
  • Stability AI — customer · Stability AI selected AWS as its preferred cloud provider, builds its models on Amazon SageMaker, and offers Stable Diffusion via Amazon Bedrock. source: stability.ai
  • Tempus AI — customer · Tempus uses Amazon Web Services (including AWS WorkSpaces) to deliver secure access to its clinical and molecular data platform. source: trigent.com
  • Cipher Mining — supplier · Cipher Mining signed a 15-year datacenter campus lease with Amazon Web Services to host AI workloads, worth billions in lease payments. source: alphaspread.com
  • Credo Technology — supplier · Amazon is among Credo's largest hyperscaler customers for active electrical cables. source: cnbc.com
  • Marvell Technology — supplier · Marvell has a five-year agreement with AWS to supply custom AI silicon (including Trainium) and data-center connectivity products. source: marvell.com
  • NetApp — partner · Amazon FSx for NetApp ONTAP is an AWS first-party managed storage service built on NetApp's ONTAP software. source: aws.amazon.com
  • Seagate Technology — supplier · Seagate sells high-capacity nearline HDDs to hyperscale cloud providers such as Amazon for data-center storage. source: markets.financialcontent.com
  • Talen Energy — supplier · Talen Energy expanded its agreement to supply up to 1,920 MW of nuclear power from its Susquehanna plant to Amazon Web Services data centers through 2042. source: sec.gov
  • Anthropic — portfolio company · Amazon's total investment in Anthropic reached $8B (Nov 2024), the largest external stake. source: aboutamazon.com
  • Anthropic — customer · 50% dependency editorial estimate · AWS is Anthropic's primary cloud and training partner; Anthropic trains on AWS Trainium (Project Rainier). source: aboutamazon.com
  • NVIDIA — supplier · 40% dependency editorial estimate · AWS deploys NVIDIA GPU fleets (EC2 P5/P6) for AI workloads alongside its in-house Trainium silicon. source: aws.amazon.com
  • Netflix — customer · Netflix runs nearly all of its computing and storage — including its streaming control plane and recommendation/ML infrastructure — on Amazon Web Services. source: aws.amazon.com

Options positioning

delayed · aggregate: as of 2026-10-29
  • Call vs put volume: 429,207 calls · 276,334 puts — tilt +21.7% toward calls
  • Vol/OI turnover: 1.31×
  • Premium ($ notional proxy): $147.7M calls · $118.4M puts — tilt +11.0% toward calls
  • OTM tilt: +26.8% toward OTM calls
  • IV skew (put − call): +17.0%