Amazon: The AI and Physical AI winner has an underestimated satellite business. Delta awakens it with a new contract!

While the market Amazon (i) is still skeptical about the 2026 capex announcement, the company is rapidly transforming into the dominant infrastructure provider of the next decade. The recent increase in weighting in our US model portfolio reflects a fundamental insight. Amazon is the largest, still underestimated beneficiary of "Physical AI" and the AI inference era, with a P/E ratio of 22 and a P/S ratio of only 2.47 for 2027. AWS will dominate AI inference and multiply revenues The cloud division AWS is on the verge of a paradigm shift. After...