5 Best Data Center Stocks with Huge Upside Potential

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1. Amazon.com, Inc. (NASDAQ:AMZN)

On May 27, 2026, Amazon.com, Inc. (NASDAQ:AMZN) shared a leadership update saying Neil Lindsay will step back from his Amazon role after more than 15 years at the company and five years helping establish its healthcare business. Amazon said Dr. Roy Schoenberg will become the new leader of Amazon Health Services, effective July 1. Schoenberg was described as a physician, entrepreneur, and digital healthcare pioneer who co-founded and led Amwell. Lindsay will help transition responsibilities over the summer and remain available in an advisory role through the end of 2026.

Amazon.com, Inc. (NASDAQ:AMZN) also said in a post to its AWS blog that Anthropic’s Claude Opus 4.8 is now available on Amazon Bedrock and the Claude Platform on AWS. Amazon said Claude Opus 4.8 brings improvements across production workflows, including agentic coding, deep knowledge work, and multi-stage autonomous tasks. The company added that Claude Opus 4.8 on Amazon Bedrock lets customers build within their existing AWS environment while maintaining enterprise security and regional data residency.

On May 20, 2026, Wells Fargo lowered the firm’s price target on Amazon.com, Inc. (NASDAQ:AMZN) to $312 from $313 and maintained an Overweight rating on the shares. Wells Fargo said market confidence is improving in companies that monetize compute investments directly through cloud businesses, supported by accelerating cloud revenue, stable-to-improving margins, and rising backlogs.

Amazon.com, Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores in North America and internationally.

While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about the cheapest AI stock.

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