Amazon (AMZN) CEO says AI to double AWS sales to USD 600bln by 2036; previously estimated at USD 300bln
Newsquawk Staff ·
Amazon (AMZN) CEO says AI to double AWS sales to USD 600bln by 2036; previously estimated at USD 300bln.
What it means
Amazon's CEO projects that AI will significantly boost AWS sales, now estimated to reach USD 600 billion by 2036, double the previous estimate. This ambitious forecast highlights the growing importance of AI in revenue generation and emphasizes AWS as a key driver for Amazon's future growth. Increased confidence in AWS could enhance sentiment around AMZN shares, potentially impacting broader tech and consumer discretionary sectors.
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