Amazon took the No. 1 spot on the Fortune Global 500 as the world’s biggest company by revenue, ending a run Walmart held for more than a decade, and will likely be the first company to book $1 trillion in a year. Jeff Bezos told Fortune that after Marketplace, Prime, and AWS, Amazon’s silicon business is becoming its next pillar, with the next-generation Trainium4 chip due next year. Amazon put $131 billion into capital expenditures in 2025 and expects roughly $200 billion in 2026, most of it behind AWS and generative AI, in a hyperscaler spending race analysts expect to clear $700 billion this year.
