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Yes. This year only they announced they will exceed 100B in AWS investment. This is almost as high as their 2024 revenue (not profit).

Which cloud company can casually find 100B cash in a year?



> Which cloud company can casually find 100B cash in a year?

AWS. Because AWS reports close to $11B/quarter, which is over half Amazon's entire revenue, and AWS owns the cloud computing market, on which the whole world runs.


AMZN revenue was over $150B/quarter in 2024. AWS was around 25B. So closer 20% of AMZN revenue.

Probably you mean operating income.

The key number for operating a company is the free cash flow.

AWS does not have the cash flow to maintain its CAPEX. It currently uses part of Retail FCF and additional debt that the entire AMZN company takes.

NVIDIA does not offer you 10 year payment plan (like depreciation schedules assume). They ask for their cash upfront.

If it was that easy to find cash OpenAI would not have given up so much equity to dinosaurs with strong balance sheet.




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