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Amazon to Spend About $220 Billion in 2026; AWS Growth Accelerates

Amazon logoAmazon
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Alphabet (Google) logoAlphabet (Google)
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Amazon projects spending about $220 billion for 2026, framing it as necessary to bring on new cloud capacity as demand rises. During the second quarter, AWS revenue growth accelerated to 37% year over year. The discussion compares valuations with Alphabet’s faster Google Cloud growth, but finds both require heavy investment to scale.

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