Morgan Stanley: Amazon Web Services (AWS) growth may exceed 20% in 2026
According to a report by Jinse Finance, citing market news released by Walter Bloomberg, Morgan Stanley stated that driven by the widespread adoption of cloud services and generative artificial intelligence (AI) workloads, Amazon Web Services (AWS) is expected to accelerate its growth rate to over 20% in 2026 as new computing power capacity gradually meets market demand. The investment bank believes this will be a key driver of Amazon's (AMZN) valuation—with a base case target price of $300 and an optimistic scenario of $350. Although AWS has previously lagged behind Microsoft Azure in terms of capital expenditure (capex), its capex is now gradually increasing: spending is expected to reach approximately $33 billion in 2025 and continue to grow in 2026.
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