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

Amazon's CEO, Andy Jassy, stated that AWS can become a trillion-dollar revenue business, but to achieve this, the company will need to continue its capital expenditures, which are expected to be around $220 billion in 2026, with a clear plan to increase spending in 2027. This spending is driven by the demand for cloud infrastructure, particularly AI, which has seen steady growth for the sixth straight quarter, with a 39% year-over-year increase in revenue. AWS is currently at a $184 billion annualized revenue run-rate and is expected to increase by 40% in 2027 and 2028. Jassy believes that the opportunity for AWS is 'extraordinary' due to its pace of innovation and the growing demand for cloud and AI workloads.