Barclays has shifted to a bullish stance on Amazon, designating it as its top mega-cap pick following Amazon's announcement that AWS AI revenue has reached a $15 billion annualized run rate in the first quarter of 2026. According to NS3.AI, Barclays also highlighted Amazon's $20 billion in annual revenue from its Trainium and Graviton chips. The article noted a mean price target for Amazon (AMZN) at $286.66, compared to its current price of approximately $248.