tech
April 9, 2026
Amazon CEO takes aim at Nvidia, Intel, Starlink, more in annual shareholder letter
Andy Jassy's annual shareholder letter reads something like a diss track to a wide range of competitors as he defends spending $200 billion in capex.
TL;DR
- Amazon CEO Andy Jassy's annual shareholder letter uses nuanced language to challenge competitors like Nvidia and Intel.
- Jassy highlights the success and demand for Amazon's homegrown AI chips (Trainium) and Graviton CPUs, positioning them as cost-effective alternatives.
- Amazon's Trainium AI chips have hit a $20 billion annual revenue run rate, with future generations showing significant pre-launch demand.
- Graviton CPUs are widely adopted by top EC2 customers, indicating strong demand and potential for future growth.
- Jassy defends a planned $200 billion capital expenditure in 2026, primarily for AWS data centers, citing customer commitments like OpenAI's $100 billion AWS spend.
- Amazon's satellite competitor, Amazon Leo, has secured contracts with major companies and government agencies.
- Jassy hints at potential future ventures in robotics, leveraging data from Amazon's warehouse robots.
- Jassy dismisses concerns about an AI technology bubble, asserting Amazon's strategic investments are well-founded.
Continue reading the original article