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Amazon's AWS backlog hits $580B as it targets $1T revenue, despite heavy AI investment concerns.

Market News
03 Nov 2026, 00:01 WIB
Seeking Alpha
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Bullish
Amazon's AWS backlog hits $580B as it targets $1T revenue, despite heavy AI investment concerns.

Amazon.com is reinforcing its market position with AWS backlog surging to $580 billion and aiming for a $1 trillion revenue run rate. Despite concerns over aggressive AI-related capital expenditures and delayed free cash flow recovery, management justifies continued heavy investment. Capital expenditures are expected to reach $327 billion by fiscal year 2028, with strong advertising and ecosystem support to sustain earnings. The stock is trading near one-year lows but shows robust buying interest around $225, reflecting confidence in Amazon's long-term AI monetization potential.

Amazon's market cap stands at $2.60 trillion as of Nov 03, 2026 05:11 WIB, highlighting its massive scale in the consumer cyclical sector. The stock price on Pluang is USD 245.99, up 2.35% in the last day, with a high trading volume of over 104 million shares. Despite a majority of Pluang users selling (69%), the typical hold time of 129 days suggests a patient investor base amid ongoing investment in AWS and AI.

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