Amazon CEO takes aim at Nvidia, Intel, Starlink, more in annual shareholder letter

What Happened

Amazon CEO Andy Jassy's annual shareholder letter criticizes competitors while promoting Amazon's homegrown chips. Trainium AI chips have nearly sold-out capacity with $20 billion annual revenue run rate. Graviton CPUs are used by 98% of top 1,000 EC2 customers. Amazon Kuiper satellite service has secured contracts from Delta, AT&T, Vodafone, and NASA. Jassy justified $200 billion 2026 capex investment, citing customer agreements and demand.

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