Amazon’s cloud is nearly sold out through 2027. Can its AI spending keep up with demand?

Amazon Web Services (AWS) has sold out most of its cloud computing capacity for 2027, with a substantial portion of 2028 capacity already committed, as surging artificial intelligence demand outpaces its infrastructure expansion, chief executive Andy Jassy said.

Speaking on a video podcast with Andreessen Horowitz co-founder Ben Horowitz and general partner Erik Torenberg, Jassy said Amazon was struggling to meet demand from AI laboratories and enterprise customers, despite plans to spend about $220 billion on capital expenditure in 2026.