
- AWS revenue grew 28% – it's now a fifth of Amazon's total revenue
- Industry partnerships and in-house chips are impressing customers
- Capex will remain high during the "early years" of the AI boom
Amazon revenues are up 17% year-over-year to $181.5 billion, largely driven by a 28% year-over-year growth in AWS revenue to $37.6 billion, with the cloud business now accounting for around one-fifth of the company's entire income.