Amazon made no major announcements as 2025 concluded. Market focus shifted instead to analyst outlooks for the upcoming year. Evercore ISI named Amazon its top large-cap internet pick for 2026.
Evercore cited resilient consumer demand and momentum in Amazon Web Services (AWS) as key catalysts. Other analysts echoed this sentiment, anticipating further growth driven by AI investments and the continued strength of the cloud and advertising segments.
The company’s 2025 performance featured a significant Q3 earnings beat and accelerating AWS and advertising revenues. Recent SEC filings highlighted changes in institutional ownership; Swedbank AB and Munro Partners both increased their stakes during the third quarter of 2025. Analysts noted that Amazon is positioned for the year ahead despite heavy capital expenditures on AI and data centers.