AWS Backlog Hits $496B, Amazon Hikes 2026 AI Capex Guide to $220B
zephyr_z9 · x · 2026-07-31
Amazon CEO Andy Jassy delivered a strong defense of the ROI on AI capital expenditures during the earnings call. He disclosed that AWS's backlog reached $496 billion (up 36% QoQ) and raised the 2026 capex guide by 10% to $220B, citing rising memory prices.
Analysts compared how tech giants frame their capex rationale: Zuck leans into technobabble, Microsoft seems slightly insecure, while Jassy is the most straightforward, essentially projecting that they will "make a shitload of money over time."
Related event: AWS Revenue Beats with 37% Growth, Capex Raised to $220B(17 posts)→
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