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Amazon's AWS backlog hits $578B, driving strong growth and buy opportunities despite market risks.

Analyst Insights
10 Nov 2026, 14:53 WIB
Seeking Alpha
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Bullish
Amazon's AWS backlog hits $578B, driving strong growth and buy opportunities despite market risks.

Amazon.com remains a strong buy as its AWS backlog surged to $578 billion, with a diversified customer base reducing risk. Management aims for over 40% AWS revenue growth by 2027-2028 and operating profits possibly reaching $133 billion by 2028. Although potential data center moratoriums pose risks, the stock's valuation stays attractive, making dips good buying chances.

Amazon's stock price of USD 267.64 as of Nov 10, 2026, is still below its 52-week high of USD 284.02, showing room for growth despite recent gains. The 1-day increase of 0.27% contrasts with the broader market's volatility, while the market cap stands strong at $2.89 trillion. On Pluang, the typical hold time is 129 days, with a majority of 73% selling activity, indicating cautious investor behavior as the company pursues ambitious AWS revenue targets.

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