Amazon: I am a shareholder and see at least 400 USD by 2030. Three reasons from the Q2 call!

My bull case scenario is in place. I expect prices of at least 400 USD by 2030.
AWS accelerates growth with a 39% margin. If the run-rate rises from 169 billion USD to 1 trillion USD, it will be the biggest catalyst for Amazon stock.
Jörg Meyer
J. Meyer
Reading Time: 3 minutes

I am an Amazon shareholder (i). In the medium term, I expect a rally to at least 400 USD by 2030. Why? Because I see Amazon as one of the biggest beneficiaries of the AI era. The numbers from the night of July 31, 2026, have reinforced my optimism. I would like to clarify this with three highlights. 1. AWS will become a 1 trillion USD business: AWS accelerated its growth from 28% in Q1 to 37% in Q2. At the same time, the operating margin rose from 33% to an adjusted 38% compared to the previous year. Amazon is expanding the AWS infrastructure and...

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