AWS will be a $1T business, Jassy says — but first, it will spend big
Covered by 2 sources
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Amazon CEO Andy Jassy projects AWS will become a $1 trillion annual revenue business within 5 to 10 years, driven by AI demand. To support this growth, AWS will significantly increase capital expenditures, with $220 billion expected in 2026 and more in 2027. Despite investor concerns over spending, AWS revenue grew 39% year-over-year and is forecasted to grow over 40% in 2027 and 2028.
Covered by 2 sources
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