Amazon’s AWS hits fastest growth in 15 quarters as Bezos doubles down on AI infrastructure

Quick Read

• AWS revenue hit $37.59 billion in Q1 2026, up 28% year over year and the fastest growth in 15 quarters, with Bedrock token processing up 170% quarter over quarter.

• Amazon’s $200 billion capex investment will determine whether the AI buildout delivers the long-term return on capital that management projects through 2027 and beyond.

• The analyst who called NVIDIA in 2010 just named his top 10 stocks and Amazon wasn’t one of them. Get them here FREE.

Jeff Bezos used a CNBC Squawk Box interview that aired May 20, 2026 to deliver the clearest statement yet of his current operating philosophy: artificial intelligence has become the single connective tissue across every company he touches. “My through line for the last few years has been AI. My time at Amazon is spent on AI. My time at Prometheus is spent on AI. And my time at Blue is largely spent on AI,” Bezos said.

For shareholders of Amazon (NASDAQ:AMZN), where Bezos remains executive chairman, the…