Key Takeaways Amazon plans over $75B in 2024 capital spending, mostly for AWS AI and data center expansion.AWS posted$27.5B in Q3 revenues, up 19% year over year, with operating margin climbing to 38%.Management expects Q4 sales of $181.5-$188.5B and operating income between $16B and$20B.Amazon's (AMZN) aggressive capital expenditure plans for its Amazon Web Services (“AWS”) division signal confidence in the cloud computing market's growth trajectory, positioning the stock as a compelling investment oppor ...