Amazon Web Services Cloud Capacity Sold Out Through 2027 Amid AI Demand

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• Price change for Amazon stock in last 6 months: -6%
• $AMZN Stock Price as of Oct. 23: $248
• 52-Week High: $287
• $AMZN Stock Price Target: $332

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What Happened?

Amazon (AMZN) CEO Andy Jassy says AWS cloud capacity is largely sold out through 2027.

He also said a good chunk of 2028 is already spoken for, and made the comments on Friday in a video podcast with Andreessen Horowitz.

Jassy said Amazon is struggling to keep up with demand from AI labs and big companies, while noting that AWS always keeps some capacity open for on-demand use and for Bedrock and EC2.

Amazon has said it will spend about $220 billion on capital expenditure in 2026.

Jassy said the company “could invest a lot more and it wouldn’t be a bad use of…