Amazon is drawing growth from several businesses beyond e-commerce, including AWS cloud computing, custom AI chips and advertising. In Q3, AWS sales rose 39% year over year, retail grew 6%, advertising rose 10.9%, and gross margin reached a record 51.4%. Its Trainium and Graviton chips have a combined annual revenue run rate of more than $10 billion, while the company is expanding internationally into Europe, Asia and Latin America. The article says big tech capital expenditures are expected to reach $1.4 trillion in 2027 (up 60% YoY), and management reported that custom chip commitments grew 20-fold year over year. Amazon's revenue has grown every year for the past five years and is expected to be close to $1 trillion next year.
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AMZNcloud computingsemiconductorse-commerceadvertising
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Related tickers and likely impact
AMZN
▲ Likely positiveAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.6T |
| Close on 10/30/2026 | 240.35 |
| Change that session | -1.41% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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