Amazon Web Services has sold out its capacity for this year and largely sold out 2027, Amazon CEO Andy Jassy said on an episode of the a16z Show released Friday. “A good chunk of 28 is sold out,” he told Andreessen Horowitz co-founder Ben Horowitz and host Erik Torenberg. AWS always leaves a certain amount for on-demand customers, he said.

The episode came out at the end of a bad week for AI infrastructure stocks. CoreWeave, Nebius and IREN have each lost well over 30% in October, CNBC reported , and SK Hynix dropped plans on Thursday to take its Solidigm storage unit public, citing market volatility. CoreWeave had already slid on debt worries earlier this month before Goldman Sachs upgraded it .

Even $220 billion won’t cover it

Amazon expects about $220 billion in capital spending in 2026, which works out to roughly $600 million a day. Jassy said that still leaves a meaningful amount of demand on the table, and he doesn’t expect the shortage to end in 2027.…