Amazon just became one of only a handful of companies ever to cross a $3 trillion valuation. But the number that stopped me wasn't the market cap. It was AWS growing 37% year over year to $42.2 billion in a single quarter — its fastest pace in more than four years — and it still isn't enough. Andy Jassy's own words: even after lifting 2026 capital spending to roughly $220 billion, AWS "will still not have enough capacity to meet all the demand" this year, or next. He called 2028 deman...