Amazon expects over 40% AWS growth for 2027 and 2028 – but AI spending weighs on results

AWS grows by 39.3% to $46 billion. Over 40% is expected for both 2027 and 2028. $578 billion AWS order backlog and nearly 17 times Bedrock usage. Proprietary chips save customers billions. $220 billion in investments weigh on free cash flow. Amazon (AMZN, i) reports strong cloud growth. Following the figures released on October 29, the stock temporarily lost 7% after hours due to high AI spending. AWS is growing faster than it has in nearly five years AWS leases computing power and AI infrastructure. In Q3, revenue growth accelerated...