Amazon CEO Jassy: AWS will be a $1T business, but first comes big spending

Target: $1 trillion in revenue

Amazon CEO Andy Jassy said the company wants AWS to become the first business to reach $1 trillion in revenue. The focus is on leading AI cloud computing.

Spending first

According to Jassy, Amazon will keep increasing capital expenditure (capex) to reach that goal. In the near term, that means more data center and infrastructure investment.

Why it matters

AWS is one of the largest players in the cloud market and continues to grow on AI demand. The company's appetite for spending directly affects the chip and data center supply chain.