According to Stock Market Nerd, AMZN’s bull case centers on five near-term catalysts to monitor: AWS cloud backlog swelling, mountains of Anthropic capacity coming online, ads proliferating, Project Kuiper maturing, and the marketplace continuing to dominate, source: Stock Market Nerd on X, Oct 17, 2025. Traders can frame setups around earnings and KPI updates tied to these areas, with particular attention to backlog growth as a leading demand indicator for AWS revenue momentum and guidance sensitivity, source: Stock Market Nerd on X, Oct 17, 2025. Watch for concrete disclosures on Anthropic-related capacity going live, ad load expansion, and Kuiper deployment milestones to assess the trajectory of the cited drivers, source: Stock Market Nerd on X, Oct 17, 2025. The post does not address crypto market linkages, indicating this is primarily an equity catalyst watchlist for AMZN, source: Stock Market Nerd on X, Oct 17, 2025.