AWS

Amazon’s $220 Billion AI Capex: AWS Growth Is Strong Enough—For Now

AWS growth accelerated to 37% while Amazon lifted 2026 capex to $220 billion. I examine backlog, free cash flow and whether the spending still creates value.

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Amazon: AWS Is Accelerating. The AI Capex Bill Is Accelerating Faster.

AWS growth accelerated sharply in Q2, but Amazon’s AI infrastructure spending pushed free cash flow negative. I examine whether the investment cycle is creating enough value.

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