Amazon, and Jassy
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AWS just posted $42.2 billion in revenue with its fastest growth in 18 quarters and the AI platform saw more spending last quarter than in every prior quarter since launch combined.
AWS sales expanded 37% year over year, which trounced analysts' expectations for 31% growth.
The AI race has been about who has the best model. That is changing, and Amazon is well placed to benefit.
AWS AI innovation, $220 billion CapEx investment, $169 billion ARR and not having its own frontier AI models bodes well for AWS partners, Caylent CEO and CTO explain.
If Amazon is going to see a return on its AI investments, shareholders will need to have patience for the next several years.
Amazon reported its second-quarter 2026 earnings Thursday, revealing it beat Wall Street’s estimates with more than $200 billion in revenue for the April-June quarter. Ad revenue for the quarter was up 26% while the company’s profit jumped to $62.
During his India visit in June, Jassy announced that Amazon will expand Amazon Now, which offers delivery in 10 minutes in India, to 300 cities. The upgraded expansion plan comes just two months after the company announced that it intends to roll out the service to 100 cities and build a network of 1,