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AI & Enterprise

Can AWS grow into a $1 trillion revenue business?

Amazon Web Services could potentially grow into a $1 trillion revenue business, Amazon CEO Andy Jassy said after the company reported second-quarter results. AWS posted an annualised revenue run rate of $169 billion in the quarter, with revenue growth accelerating to 36.7 percent. Theory Ventures founder Tomasz Tunguz said whether AWS reaches $1 trillion depends on how much corporate customers use AI, while heavy investment and borrowing could become a burden if adoption slows.

AI & Enterprise

Amazon surges past $3 trillion market cap for first time, shares hit record close

Amazon\'s market value topped $3 trillion for the first time on Aug. 3 as its share rally continued after it reported second-quarter results that beat market expectations. The stock ended up 5.37% at $286.16, a record closing high. The surge was driven by cloud business growth and rising AI demand. AWS revenue rose to $42.2 billion, above estimates. CEO Andy Jassy said capital spending guidance was raised to $220 billion for 2026.

AI & Enterprise

Cloud big three post record growth despite AI bubble fears, keep pressing infrastructure investment

Amazon Web Services, Microsoft and Google Cloud extended stronger-than-expected growth in the second quarter and signalled they will keep investing aggressively despite concerns about overheating in AI infrastructure. AWS revenue rose 37 percent to $42.23 billion and operating profit beat forecasts. Amazon raised its 2026 capital spending view to $220 billion. Microsoft reported 43 percent Azure growth and said annual Azure revenue topped $100 billion. Google Cloud revenue rose 82 percent and Alphabet lifted its capex outlook.