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AWS CFO John Felton cited a nearly $500 billion order backlog as of Q2, spanning enterprises, AI labs and smaller businesses. Internal AWS data suggest token usage scales roughly with productivity gains.
Amazon Web Services’ CFO said AI-related spending is sustainable.
NetApp reported Q1 revenue of $2.03 billion, up 30% year over year, and raised fiscal 2027 guidance to $7.975 billion-$8.225 billion for revenue and $9.73-$10.03 for EPS.