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Amazon CEO Jassy: AWS is expected to become a trillion-dollar business within 5-10 years, will heavily invest in AI infrastructure
Amazon CEO Andy Jassy stated on Thursday's quarterly earnings call that AWS is on track to become a trillion-dollar annual revenue business within the next 5 to 10 years, predicting over 40% growth in both 2027 and 2028. To achieve this goal, Amazon expects to invest approximately $220 billion in capital expenditures in 2026 (primarily for AWS) and plans to significantly increase investments in 2027 to build AI infrastructure. Following this news, Amazon's stock price fell by about 6% in after-hours trading.
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