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Andy Jassy Just Delivered Incredible News for Amazon Stock Investors

The Motley Fool·
Andy Jassy Just Delivered Incredible News for Amazon Stock Investors

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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