Amazon's partnership with Anthropic is expected to drive significant growth in its cloud business, with estimates suggesting AWS could generate billions of dollars in extra revenue from the alliance.
Morgan Stanley predicts that AWS could generate $1.28 billion in sales in 2025 from Anthropic's use of its cloud services, with numbers potentially reaching almost $3 billion in 2026 and $5.6 billion in 2027 as Anthropic's AI workloads grow.
The investment bank estimated that AWS will benefit from its partnership with Anthropic, which has seen Amazon's $8 billion investment in the startup rise in value to $13.8 billion.
Morgan Stanley also cited AWS's overall solid growth trajectory, Microsoft Azure's success in AI workloads, and potential market share gains over competitors as factors contributing to its expectation of AWS revenue growth accelerating.