Patel predicts AWS revenue growth will reaccelerate after consistent deceleration due to Anthropic and new data centers.
“AWS has been decelerating revenue. Year on year revenue has been falling consistently. And and our big call is that it's actually going to start reaccelerating.”
Patel says AWS beat on gross margins because Bedrock was highly profitable.
“On Amazon's most recent earnings call, they talked about how AWS had a strong gross margin beat. Right? They won on gross margin because Bedrock was so profitable.”