According to a report by Coin World, market news released by Walter Bloomberg states that Morgan Stanley has indicated that, driven by the popularity of cloud services and generative artificial intelligence (AI) workloads, as new computing power capacity gradually meets market demand, Amazon Web Services (AWS) is expected to accelerate its growth to over 20% in 2026. The investment bank believes this will become a key driver of Amazon (AMZN)'s valuation — with a target price of $300 in the base case and $350 in the optimistic case. Although Amazon Web Services previously lagged behind Microsoft Azure in capital expenditures (capex), its capital expenditures are now gradually increasing: expenditures are expected to be about $33 billion in 2025 and will continue to grow in 2026.