Amazon Web Services revenue grew at its fastest pace in more than three years, up 24% to $35.6 billion in the fourth quarter, in a sign that demand for artificial intelligence and custom silicon is boosting corporate spending on the cloud.
The company disclosed revenue for its in-house data center chips for the first time, saying its Trainium and Graviton processors have a combined annual run rate of more than $10 billion.
But the revenue milestones are coming at a big cost. In the earnings release, Amazon CEO Andy Jassy signaled plans to spend a record $200 billion in capital expenditures across Amazon in 2026, citing “seminal opportunities like AI, chips, robotics, and low earth orbit…
