Amazon Web Services is putting US$1 billion behind a new Forward Deployed Engineering unit, embedding AI specialists directly inside customer teams. For investors, that kind of spending can reshape how money flows across artificial intelligence and cloud infrastructure, opening up new demand for some companies while leaving others on the sidelines. This article focuses on 3 stocks from our AI and Cloud Infrastructure screener that appear closely exposed to this AWS push, all on the positive side of the news. If you are trying to position a portfolio around real-world AI adoption rather than headlines, these stocks may be worth a closer look.

Zeta Global Holdings (ZETA)

Overview: Zeta Global Holdings runs an AI driven, cloud based marketing platform that helps large enterprises understand consumer behavior and automate campaigns across email, mobile, social, connected TV and other channels using its own data cloud and tools like Athena by Zeta.

Operations: Zeta Global Holdings generates about US$1.44b in revenue from Internet Software & Services, with around US$1.35b from the United States and US$85.3m from international markets.

Market Cap: US$4.73b

Investors watching how AWS’ US$1b Forward Deployed Engineering push might filter through to real world AI spending may want Zeta Global Holdings on their radar. The company operates at the intersection of marketing software, first party data and inference based AI, with products like Athena already showing very strong early adoption and heavy use across its client base. Zeta remains loss making, relies on higher risk external borrowing and operates in a highly competitive space. Analysts highlight expectations for revenue expansion, improving margins and stronger ROE if execution stays on track. The company is also expanding partnerships with AWS and Palantir, and its P/S currently sits below many software peers. This combination may appeal to investors who are prepared to examine the underlying assumptions and risks in detail.

Zeta Global’s AI engine sits at the intersection of AWS’ new spending push and real marketing budgets, but the key question is whether the trade off between growth, losses and borrowing is already reflected in the price. Before you decide how it fits your watchlist, review the DCF valuation analysis for Zeta Global Holdings.

Procore Technologies (PCOR)

Overview: Procore Technologies delivers a cloud based construction management platform that helps owners, contractors, architects and engineers work on the same set of data, coordinating everything from early project planning and bidding through on site execution, resource allocation, safety compliance and financial tracking across residential and non residential projects.

Operations: Procore Technologies generates about US$1.37b in revenue from Internet Software & Services, with around US$1.17b from the United States and US$202.7m from the rest of the world.

Market Cap: US$6.32b

Procore Technologies sits at the intersection of AWS’ US$1b Forward Deployed Engineering initiative and real world construction workflows, using AI to turn messy project data into practical help on estimating, scheduling and risk spotting. Its Procore AI agents, Datagrid acquisition and new Connected Common Data Environment illustrate how the company is trying to become the default data and AI layer for large projects. Recent revenue of US$359.28m in Q1 2026 alongside a much smaller loss of US$9.1m suggests improving scale. On the other hand, Procore is still loss making, relies on external funding and faces questions around ARR momentum and competition, so any thesis on the stock depends on how investors weigh that AI driven opportunity against the execution and financing risks.

Procore’s push to become construction’s AI data hub is only half the story. Before you decide how that fits your portfolio, scan the analyst forecasts for Procore Technologies to see what expectations may be missing.

Klaviyo (KVYO)

Overview: Klaviyo runs a cloud based B2C CRM platform that lets consumer brands pull together customer data, run AI powered marketing and service agents, and manage email, SMS, social and analytics from a single system to improve engagement and sales.

Operations: Klaviyo generates about US$1.31b in revenue from Internet Software, with roughly US$778.7m from the United States and the balance from the United Kingdom, other EMEA, Asia-Pacific and other Americas.

Market Cap: US$4.46b

Klaviyo gives investors direct exposure to AI driven customer engagement, with products like Marketing Agent, Customer Agent and Helpdesk using real time data to personalize experiences across email, SMS, WhatsApp and web. Recent launches of AI agents, expanded integrations with tools such as Canva and Lightspeed and growing international revenue show how the company is pushing beyond email into broader B2C CRM and service. At the same time, Klaviyo is still unprofitable, relies on higher risk external borrowing and faces intense competition from larger cloud suites and newer AI first rivals. As a result, execution on new products and margin improvement really matters. The debate is whether current expectations properly reflect that mix of strong product momentum, first party data strengths and funding and competitive risks.

Accelerating product launches and first party data strengths put Klaviyo in an interesting spot, but many investors may be missing what the analyst forecasts for Klaviyo are really signaling about the trade off between AI momentum and competitive risk

The three stocks in this article are just a starting point, and the full Artificial Intelligence (AI) and Cloud Infrastructure screener surfaces 27 more companies with equally compelling AI and cloud infrastructure narratives that may be flying under your radar. Use Simply Wall St to identify, filter and analyze the specific catalysts and storylines that matter most to you so that you can focus on the highest conviction ideas in this space.

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If Zeta Global Holdings or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.