Amazon CEO takes aim at Nvidia, Intel, Starlink, more in annual shareholder letter
THE SO WHAT
A $200B capex defense framed as a shot at Nvidia, Intel, and Starlink is Amazon saying the profit pool is shifting from renting cloud to owning the full AI and network stack. If you're building on AWS, assume your infra provider is now also your competitor in chips, networking, and AI-native services — vendor risk is vertical, not just horizontal.
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