Core Insights - Amazon is leveraging artificial intelligence (AI) across its business, particularly through its cloud computing division, Amazon Web Services (AWS), which is driving significant profitability and growth potential [1][2]. Group 1: AWS Performance - AWS sales increased by 20.2% year-on-year in Q3, marking the strongest growth in 11 quarters, reaffirming Amazon's leadership in cloud computing [3][4]. - AWS is operating at an annualized revenue rate of $132 billion, with a $200 billion backlog that does not include major deals signed in October [4]. Group 2: AI Infrastructure Development - AWS has doubled its power capacity since 2022, adding 3.8 gigawatts in the last year, and plans to double it again by 2027 [5]. - The Trainium chip family has become a multibillion-dollar business, growing 150% quarter-over-quarter, with approximately 500,000 Trainium2 chips deployed [5][6].