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Prices displayed are informational. **Amazon** (NASDAQ:AMZN) has seen earnings climb over the years as it built its e-commerce empire. Shoppers around the world turn to their local Amazon websites for essentials and general merchandise, and the company's Prime membership program offers them fast delivery and other advantages that keep them coming back. In the U.S., Amazon has also expanded into healthcare, with pharmacy services and a telehealth and primary care network.
On top of this, Amazon's venture into cloud computing has supercharged growth, with Amazon Web Services (AWS) serving as the company's main profit driver. AWS is the world's No. 1 cloud services provider, and the artificial intelligence (AI) boom has created enormous demand for this business. In fact, Amazon chief Andy Jassy just made a startling prediction.
Let's check it out. **_Missed Nvidia in 2009? This Rare Signal Is Flashing Again._**_In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia._**_Continue »_** We'll start by taking a close look at AWS' role in the AI landscape and beyond.
This cloud computing giant offers its customers a broad range of products and services, from access to **Nvidia**'s leading graphics processing units (GPUs) to Amazon's own variety of in-house-designed chips. Customers also can turn to AWS for large language models, agentic AI, and much more. AWS is seeing demand for both its non-AI and AI products and services, a positive point as this shows the business doesn't rely uniquely on one area.
But AI clearly has offered growth a significant push. For example, AWS' annual revenue run rate reached $58 million three years after the service launched; AWS' AI revenue run rate as of the recent quarter, about three years into the AI boom, totals more than $25 billion. This, as well as the demand AWS is seeing for this year through at least 2028, has prompted Amazon to increase its levels of capital spending to build out infrastructure.
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