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TB Todd Bishop Has covered Amazon for years, and on GeekWire questions the AI-training explanation for Amazon's book-scanning facility.

“Implicit in all of this, as the stock plunges, is that Amazon is willing to be misunderstood for long periods of time. This is essentially the point they're making to Wall Street: sure, take it out on our stock now, but long term, they think they're in the right position.”

GeekWire · October 2026

“Implicit in all of this, as the stock plunges, is that Amazon is willing to be misunderstood for long periods of time. This is essentially the point they're making to Wall Street: sure, take it out on our stock now, but long term, they think they're in the right position.” — Todd Bishop, GeekWire

Context

Amazon's profits had missed because of higher interest costs on debt taken on for AI spending, while its CEO said it could have two trillion-dollar-revenue businesses. Todd reads the message to investors after the stock fell after hours.

Listen to the episode → More from Todd Bishop →

Transcript

GeekWire Around 13:04 into the episode
Todd Bishop

…eventually trillion revenue businesses annually, which does not exist in the world right now. Like there is no business in the world that brings in a trillion dollars. So within five to 10 years, he's saying that Amazon Web Services and Amazon's stores business will be at that trillion dollar mark.

Speaker 3

…it will for the foreseeable future. What we're building at Amazon is unlike anything that's ever been seen before. There has never been a business with a trillion dollars of annual revenue. Amazon is on a path to have two of them in AWS and stores. It's rare and we're energized by what's ahead.

Todd Bishop

This is where he didn't say it, but implicit in all of this, as the stock plunges, Amazon is willing to be misunderstood for long periods of time. And here you have. Another period where this is essentially the point that they're making to Wall Street. Like, sure, take it out on our stock now. They were down 7% in after-hours trading, but long term, they think that they're in the right position. So, big numbers from Jassy. Okay, we're going to take a break. When we come back, let's see what Amazon Bee has to say about all of this. All right, that's coming up next. You're listening to Geekwire.

Speaker 4

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Todd Bishop

All right, welcome back. It's John Cook and Todd Bishop. Are you ready for this? Yeah, I'm

John Cook

curious how you synced the B to the audio.

Speaker names come from our own diarization. The position is estimated from where the line sits in the episode.

More from GeekWire

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