Trading halted: (CNF)

Trading halted: (CNF)

Amazon (AMZN) stock gained over 3% in early trading on September 4, 2025, following the announcement that JetBlue has become the first airline partner for Amazon's Project Kuiper satellite internet service. The partnership, set to commence in 2027, aims to enhance in-flight connectivity by providing faster and more reliable internet access at 35,000 feet. This development comes on the heels of several recent Project Kuiper advancements, including approval to operate in Vietnam and a partnership with Airbus for aircraft integration [1].

The stock's performance was also bolstered by Barclays' reiteration of its Overweight rating on Amazon, with a $275 price target. The investment firm cited the potential AI growth from Amazon's partnership with Anthropic. Barclays estimates that Anthropic currently contributes about 100 basis points to AWS growth in Q2 2025 and projects that this could increase to 400 basis points per quarter once Claude 5 and inference revenues are fully operational [1].

Amazon's stock currently trades at $225.99, with analysts' price targets ranging from $225 to $306. Wall Street maintains a Strong Buy consensus on Amazon stock, with 44 Buy recommendations and one Hold rating. The average AMZN price target stands at $264.13, suggesting a possible 13.11% upside from current levels [1].

However, some challenges exist in the AWS-Anthropic partnership. Cursor recently switched to OpenAI's GPT-5 API as its default option, and there have been reports of difficulties accessing Anthropic models through AWS Bedrock. Despite these issues, Barclays notes that only a small number of major AI labs generate the majority of AI revenue for hyperscalers, with OpenAI and Anthropic leading this group [1].

In conclusion, Amazon's stock surge is driven by the JetBlue partnership and positive AI growth projections. However, the challenges in the AWS-Anthropic partnership and the competitive landscape in the satellite internet market should be closely monitored by investors.

References:
[1] https://parameter.io/amazon-amzn-stock-jetblue-partnership-sends-shares-soaring-over-3/