Amazon just became one of only a handful of companies ever to cross a $3 trillion valuation.
But the number that stopped me wasn't the market cap.
It was AWS growing 37% year over year to $42.2 billion in a single quarter — its fastest pace in more than four years — and it still isn't enough.
Andy Jassy's own words: even after lifting 2026 capital spending to roughly $220 billion, AWS "will still not have enough capacity to meet all the demand" this year, or next. He called 2028 demand "striking."
Sit with that. The largest cloud provider on earth, spending close to a fifth of a trillion dollars, says it cannot build fast enough.
