AMAZON CEO TAKES AIM AT NVIDIA, INTEL, STARLINK, MORE IN ANNUAL SHAREHOLDER LETTER

Summary from the TLDR newsletter

Amazon CEO Andy Jassy recently published an annual shareholder letter that takes aim at several competitors, including Microsoft, Intel, Nvidia, Starlink, and OpenAI. Demand for Amazon's newest chip, Trainium 3, is so high that it is nearly sold out. AWS' homegrown CPU, Graviton, is now used expansively by 98% of the top 1,000 EC2 customers. Amazon Leo, scheduled to launch in mid-2026, is already succeeding. AWS plans to spend $200 billion on capex in 2026, mostly on building out data centers.