tech
February 12, 2026
AWS CEO Garman says software AI fears are 'overblown'
Amazon's cloud business is seeing faster growth than expected, and its margin is widening.
TL;DR
- AWS CEO Matt Garman suggests that fears of AI models slowing growth for major software companies are exaggerated.
- Technology stocks have seen a sell-off this year, with some analysts labeling the trend a 'SaaS apocalypse'.
- Garman argues that large SaaS providers have an 'inside track' to winning business in the AI era, provided they innovate.
- AWS reported strong fourth-quarter revenue growth of 24% to $35.6 billion, exceeding analyst expectations.
- Concerns about AI disruption are also affecting other sectors, such as logistics, with companies like C.H. Robinson Worldwide experiencing stock declines.
Continue reading the original article