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Andy Jassy Just Delivered Incredible News for Amazon Stock Investors
The Motley Fool·
Amazon Web Services (AWS) reported accelerating revenue growth of 37% year-over-year in Q2 2026, driven by AI tools and custom chips. CEO Andy Jassy revealed AWS could eventually generate $1 trillion in annual revenue, up from previous predictions of a few hundred billion. With a $496 billion order backlog and planned $220 billion capex spending in 2026, AWS is positioned for substantial future growth, though Amazon's current P/E of 22 may appear undervalued compared to tech peers.
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