Column: Amazon’s Jassy Has a Trillion-Dollar AWS in His Sights
Not for the first time this week, investors seemed to get hung up on short-term disruptions while missing the far bigger picture, which in Amazon’s case is a cloud unit that could surpass $1 trillion in annual revenue within five to 10 years, Chief Executive Officer Andy Jassy said. He was not being hyperbolic.
Amazon’s Jassy Has a Trillion-Dollar AWS in His Sightsbloomberg.comSimilar to investor reaction to Alphabet Inc.’s earnings a day earlier, the stellar performance of Amazon.com Inc.’s cloud unit was overshadowed by jitters around other parts of the business when the company reported third-quarter results on Thursday. A softer-than-expected forecast for Christmas and a miss on quarterly revenue prompted a sharp selloff after hours. At one point shares were down 7% after dropping 4.25% earlier in the day.