Amazon Stock Rises As CEO Says 2028 Demand Is Striking - Amazon.com (NASDAQ:AMZN)

Amazon shares rose after CEO Andy Jassy said demand for 2028 is “striking” as AWS expands AI infrastructure. Speaking on the company’s second-quarter earnings call, Jassy said capacity constraints for AI-related workloads are expected to extend beyond next year, even as Amazon invests more. He added that the company still expects not enough capacity to meet demand in 2026, and said the dynamic will also hold in 2027, citing already strong bookings for 2028. AWS posted second-quarter revenue of $42.2 billion, up 37% year over year and its fastest growth in 18 quarters. Total revenue was $200.61 billion, and EPS was $5.75. Amazon raised 2026 cash capital expenditures to about $220 billion.