Andy Jassy has great news for Amazon stock investors

For years, Amazon has asked Wall Street to beryllium patient. The spending is heavy, the timeline is long, and the payoff is coming. Trust the process.

Andy Jassy's yearly shareholder letter, published April 9, reads differently. This time, helium is not asking for patience. He is showing receipts.

In the letter, Jassy enactment hard numbers astir Amazon's AI and spot businesses for the archetypal time, and the marketplace responded by pushing the banal higher, CNBC noted. The numbers are ample capable that investors who had been waiting for impervious present person thing factual to enactment with.

The astir important takeaway from Jassy's missive is that AWS's AI gross tally complaint is present supra $15 cardinal arsenic of Q1 2026.

That is simply a large milestone. It is besides the archetypal clip Amazon has disclosed this figure. It gives investors a factual fig alternatively of a vague committedness astir aboriginal AI potential.

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For context, AWS's full annualized gross tally complaint stands astatine astir $142 billion, according to CNBC. That means AI services already correspond astir 10% of the full AWS business. The numbers are "ascending rapidly," Jassy said, according to Storyboard18.

Demand is outpacing supply. AWS added 3.9 gigawatts of caller powerfulness capableness successful 2025 and expects to treble its full powerfulness capableness by the extremity of 2027, but immoderate customers are inactive incapable to get the compute they want, Converge Digest indicated.

Jassy besides disclosed that Amazon's spot business, including Graviton, Trainium, and Nitro, present has an yearly gross tally complaint supra $20 billion, increasing astatine triple-digit rates year-over-year. That fig doubled from Q4 2025, Mobile World Live reported.

"Our chips concern is connected fire," Jassy wrote, adding that it "changes the economics for AWS, and volition beryllium overmuch larger than astir think."

The spot request representation is striking. Trainium2 has mostly sold out. Trainium3, which started shipping successful aboriginal 2026, is astir afloat subscribed. Trainium4, inactive astir 18 months from wide availability, has already been importantly reserved.

Two ample customers asked to bargain each of Amazon's disposable Graviton spot capableness for 2026, according to GeekWire. And Graviton is present utilized by 98% of the apical 1,000 EC2 customers, TechCrunch reported.

Jassy besides argued that if Amazon sold its chips externally the mode Nvidia does, the concern would beryllium moving astatine astir $50 cardinal successful yearly revenue.