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Investing.com -- Amazon shares have climbed more than 3% on Thursday following a report from SemiAnalysis calling for an “AWS AI Resurgence.”
SemiAnalysis argued that while investors have focused on what it previously described as a looming “cloud crisis,” the evidence now points to a turnaround.
The research group said AWS remains the “crown jewel of the Amazon empire, generating ~60% of group profits,” but has been challenged in translating that strength to the GPU and XPU cloud era.
“While the market overplays the Cloud Crisis theme, we call for an AWS AI Resurgence,” SemiAnalysis wrote, forecasting acceleration beyond 20% year-over-year growth by late 2025.
The report noted that Amazon has lagged peers in 2025 as Microsoft Azure widened its lead in new cloud revenue and Google Cloud gained momentum with its TPU initiatives.
SemiAnalysis said, “Amazon is the clear laggard among the four tech-and-AI titans as investors mark down the company most for losing momentum in AI.”
According to the analysis, Amazon’s revival is being driven by its partnership with Anthropic, described as “the clear outperformer in the GenAI market in 2025.”
To sustain that growth, Anthropic is scaling aggressively, with AWS building “well over a gigawatt of datacenter capacity in final stages of construction for its anchor customer.”
SemiAnalysis said AWS is building datacentres “faster than it ever has in its entire history,” underscoring the scale of the investment. “There’s much more on the horizon,” the firm added.