Not Microsoft. Not Google. Analysts Call This $2.7 Trillion Tech Titan the Most Undervalued AI Play.

Amazon (AMZN) carries a $2.7 trillion market cap, yet analysts cited by The Motley Fool call it the most undervalued AI play among mega-cap tech, ahead of Microsoft (MSFT) and Google (GOOGL).

The case rests on AWS. The cloud unit grew revenue 37% year-over-year to $42.2 billion, a growth rate the article attributes to AI infrastructure demand. For a segment of that scale, a 37% expansion is the core data point behind the bullish framing.

Beyond cloud, the article says Amazon is integrating AI across its retail business, with applications in search tools, ad targeting, and supply chain automation. These are described as additional AI exposure, though the piece offers no revenue figures for them.

Valuation is the hook. Projected earnings of $161 billion and a forward P/E of 17 underpin the argument that AMZN has significant upside potential. Interpretation: a 17x forward multiple on that earnings figure is what makes the "undervalued" label stick, since the AWS growth rate would typically be associated with a richer multiple.

The article is a comparison pitch, not a new catalyst. It names no price target, analyst, or earnings date, so the thesis is a relative-value argument rather than a fresh data event.