The big 3 cloud platforms now generate $440B in annualized revenue:

AMZN AWS: ~$184B (+39% YoY)
MSFT Azure: ~$133B (+48% YoY)
GOOGL Cloud: ~$123B (+103% YoY)

AI demand is surging: Q3 AgentCore deployments doubled the previous 3 quarters combined, Bedrock token volume rose 17x, and Google's model API usage more than quadrupled YoY.