AWS will be a $1T business, Jassy says. But first, it will spend big.

Amazon wants to be the king of AI cloud computing and become the first $1 trillion revenue business. But to do that it will have to continue on its capex spending spree, its CEO said Thursday.

AWS will be a $1T business, Jassy says. But first, it will spend big.

TL;DR

  • AWS CEO Andy Jassy believes AWS can become a trillion-dollar revenue business.
  • Significant capital expenditures, estimated at $220 billion for 2026, are planned to build infrastructure for AWS.
  • Jassy forecasts AWS revenue growth of over 40% annually through 2028, driven by AI demand.
  • Investors remain concerned about the high spending despite AWS's steady growth and AI opportunities.
  • Amazon's shares fell following the earnings call where these plans were discussed.

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