Amazon reports triple-digit growth in AI revenue and chip business, driven by $200 billion capital expenditure plan for 2026.
Amazon’s first-quarter results highlighted a 100%+ increase in AI revenue, fueled by its $200 billion capital expenditure plan set for 2026. The company’s AI services, including SageMaker and Bedrock, saw Bedrock spend rise 170% sequentially in Q1.
The growth aligns with Amazon’s push into custom chips and AI-driven solutions like Kiro and Connect, targeting businesses of all sizes. CEO Andy Jassy noted AI’s unprecedented adoption rate, positioning Amazon as a leader in generative AI development.
Investments in AI infrastructure and turnkey solutions are expected to sustain long-term revenue expansion, reinforcing Amazon’s market dominance.