Key Points
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Amazon CEO Andy Jassy took the opportunity on the earnings call to remind investors that AWS is still significantly larger than its rivals.
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Investors were skeptical of the company’s plans to spend $200 billion in capital expenditures this year.
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The overall business is still delivering solid growth.
It’s no secret that Amazon (NASDAQ: AMZN) has been losing market share in cloud infrastructure to Alphabet’s (NASDAQ: GOOG)(NASDAQ: GOOGL) Google Cloud and Microsoft (NASDAQ: MSFT) Azure for years now.
That trend continued in 2025. Amazon reported a respectable 20% growth at AWS, but that was well behind Google Cloud at 36%, and Microsoft, which operates on a different fiscal calendar, but reported 39% growth in Azure in its most recent quarter.
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Amazon invented cloud…