{
  "title": "亞馬遜押上現金流，答案先寫在世芯帳本",
  "date": "2026-10-26",
  "url": "https://valueledger.co/notes/2026-10-26-research-amazon-aws-capacity-alchip-trainium3-ledger.html",
  "md_url": "https://valueledger.co/notes/2026-10-26-research-amazon-aws-capacity-alchip-trainium3-ledger.md",
  "summary": "7 月 30 日，Amazon 交出第二季財報。過去 12 個月的自由現金流變成流出 76 億美元，一年前還是流入 182 億（Amazon 財報，2026-07-30）。",
  "key_numbers": [
    {
      "number": "76 億美元",
      "sentence": "過去 12 個月的自由現金流變成流出 76 億美元，一年前還是流入 182 億（Amazon 財報，2026-07-30）。"
    },
    {
      "number": "182 億",
      "sentence": "過去 12 個月的自由現金流變成流出 76 億美元，一年前還是流入 182 億（Amazon 財報，2026-07-30）。"
    },
    {
      "number": "542 億美元",
      "sentence": "他的選擇很清楚：第二季資本支出 542 億美元，比一年前多 68%，錢幾乎都砸進 AWS 的 AI 機房（Amazon 財報，2026-07-30）。"
    },
    {
      "number": "68%",
      "sentence": "他的選擇很清楚：第二季資本支出 542 億美元，比一年前多 68%，錢幾乎都砸進 AWS 的 AI 機房（Amazon 財報，2026-07-30）。"
    },
    {
      "number": "36.7%",
      "sentence": "分析師預期 AWS 成長會從第二季的 36.7% 慢到 30% 到 35%（The Motley Fool，2026-10-16；Longbridge，2026-10-22）。"
    },
    {
      "number": "30%",
      "sentence": "分析師預期 AWS 成長會從第二季的 36.7% 慢到 30% 到 35%（The Motley Fool，2026-10-16；Longbridge，2026-10-22）。"
    },
    {
      "number": "35%",
      "sentence": "分析師預期 AWS 成長會從第二季的 36.7% 慢到 30% 到 35%（The Motley Fool，2026-10-16；Longbridge，2026-10-22）。"
    },
    {
      "number": "422 億美元",
      "sentence": "AWS 第二季營收 422 億美元，年增 36.7%，是 18 季以來最快（Amazon 財報，2026-07-30）。"
    },
    {
      "number": "36.7%",
      "sentence": "AWS 第二季營收 422 億美元，年增 36.7%，是 18 季以來最快（Amazon 財報，2026-07-30）。"
    },
    {
      "number": "36.7%",
      "sentence": "賈西在新聞稿裡寫：「AWS is booming, growing 36.7% year-over-year in Q2—our fastest growth in 18 quarters.」"
    }
  ],
  "companies": [
    {
      "code": "3661",
      "name": "世芯-KY"
    },
    {
      "code": "2383",
      "name": "台光電"
    },
    {
      "code": "6669",
      "name": "緯穎"
    },
    {
      "code": "2330",
      "name": "台積電"
    },
    {
      "code": "2368",
      "name": "金像電"
    },
    {
      "code": "6274",
      "name": "台燿"
    }
  ],
  "sources": [
    "https://ir.aboutamazon.com/news-release/news-release-details/2026/Amazon-com-Announces-Second-Quarter-Results/default.aspx",
    "https://ir.aboutamazon.com/news-release/news-release-details/2026/Amazon-com-to-Webcast-Third-Quarter-2026-Financial-Results-Conference-Call/default.aspx",
    "https://datacenterknowledge.com/infrastructure/amazon-lifts-ai-infrastructure-spending-to-220b-as-demand-outpaces-capacity",
    "https://anthropic.com/news/anthropic-amazon-compute",
    "https://www.fool.com/investing/2026/10/16/amazon-is-12-below-its-high-heading-into-earnings/",
    "https://longbridge.com/en/news/302711772",
    "https://www.alchip.com/upload/2026_08_14/3_20260814141602cp238o1pY1.pdf",
    "https://finance.technews.tw/2026/08/10/alchip-3661-202607-financial-report/",
    "https://money.udn.com/money/amp/story/5607/9813671",
    "https://openapi.twse.com.tw/v1/opendata/t187ap05_L",
    "https://www.tpex.org.tw/openapi/v1/mopsfin_t187ap05_O",
    "https://valueledger.co/data/latest.json"
  ]
}