Charter Communications, Inc. (CHTR) Partners with Amazon Web Services to Accelerate Generative AI Integration

Charter Communications Inc. (NASDAQ:CHTR) is an affordable blue-chip stock to buy. On November 18, Charter Communications Inc. (NASDAQ:CHTR) inked a strategic partnership with Amazon Web Services. The strategic pact seeks to enhance the use of generative AI to transform software development and operations.

The company plans to leverage its AWS deal to enhance core software development and operational efficiency through artificial intelligence solutions. It is to leverage GitLab Duo with Amazon QuickSight to build, operate, and transform software development. Charter Communications and AWS will collaborate to deliver exceptional experience, reliability, and connectivity to Spectrum residential and business customers.

“Innovative technology from AWS provides opportunities to both leverage developer tools and build agentic solutions across the company,” said Jake Perlman, Executive Vice President, Chief Technology and Information Officer at Charter Communications. AWS technology enables us to develop AI-powered solutions that enhance our capabilities, ultimately improving the customer and employee experience and the overall performance and reliability of our services.

However, on November 3, Bernstein analyst Laurent Yoon downgraded Charter to Market Perform from Outperform, cutting the price target to $280 from $350. Yoon cited mounting challenges to EBITDA growth amid a tougher market, noting rising broadband subscriber losses, slower ARPU growth, and higher marketing spend, while acknowledging that Charter’s free cash flow story remains intact but with growing concerns.

Charter Communications, Inc. (NASDAQ:CHTR) is a broadband connectivity company. It has evolved from providing cable TV to streaming, and from high-speed Internet to providing converged broadband, WiFi, and mobile experience.

While we acknowledge the potential of CHTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.