Andy Jassy Just Delivered Magnificent News for Amazon Investors

Amazon Web Services (AWS) reported record $45.9 billion in Q3 revenue with 39% year-over-year growth, marking six consecutive quarters of accelerating growth. CEO Andy Jassy forecasted AWS could grow revenue by over 40% in 2027-2028 and become a trillion-dollar revenue business within 5-10 years, driven by expanding AI services and custom chip adoption. Despite a 15% stock correction, Amazon trades at a P/E of 19.4, significantly below the Nasdaq-100's 29.9, presenting a potential buying opportunity.