Amazon’s AWS CEO Just Sent Shivers Down the Spines of AI Bears. Supply is Mostly ‘Spoken For’ Through 2028.

Quick Read

• Garman declared AWS capacity “spoken for” through 2028, and AMZN posted 37% growth, its fastest in 18 quarters, with shares surging 20% in five sessions.

• AWS’s AI and Chips businesses each eclipsed $25 billion run rates at triple-digit growth, with UBS projecting AWS acceleration to 48% next year.

• Suppliers MRVL, ALAB, and CRDO are all raising outlooks, with Credo’s revenue jumping 206%, Astera’s stock up 93% year-to-date, and Marvell shares climbing 14%.

• Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Amazon didn’t make the cut. Grab the names FREE today.

Amazon’s AI spending is settling a debate between the bulls and the bears. Amazon Web Services (AWS) CEO Matt Garman spent Monday on Bloomberg Technology arguing that AWS’s growth is only getting started. He then went to X and quantified it in a way that undercuts every bear case that AI demand is topping out. “Much of…