Amazon Wants to Be an AI Infrastructure Company, Not Retail

The author argues that Amazon views AWS as a once-in-a-lifetime opportunity driven by the AI movement, signaling extraordinary long-term demand through multi-year guidance. AWS segment revenue grew 39% year-over-year in the September quarter, and management forecasts at least 40% growth in both calendar 2027 and 2028. This unusually extended outlook is interpreted as a powerful statement of confidence in Amazon's transition into an AI infrastructure company. Open article →