Amazon’s CEO Andy Jassy Just Announced Huge News for Amazon Investors | The Motley Fool

Andy Jassy is the CEO of Amazon (AMZN +0.47%), succeeding founder Jeff Bezos a few years ago. Jassy used to lead Amazon Web Services (AWS), and his appointment as CEO a few years ago clearly indicated that this was the direction Amazon’s business was heading. Bezos was correct in this assessment, as AWS has become a huge part of Amazon’s business.

However, it’s about to get even bigger. Andy Jassy made a bold prediction during Amazon’s third-quarter earnings call that investors need to digest, as it could have big implications for the stock.

AWS is headed to the $1 trillion mark

During Amazon’s Q3 earnings call, Jassy noted that AWS could grow by more than 40% in both 2027 and 2028, driven by significant investments in the platform. Over the next five to 10 years, that could grow to become a $1 trillion business. For reference, AWS, Amazon’s cloud computing unit, grew at 39% in Q3, and its trailing-12-month sales totaled $161…