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

TechCrunch AI Julie Bort April 9, 2026
Amazon CEO takes aim at Nvidia, Intel, Starlink, more in annual shareholder letter
AI Summary— plain English for professionals

# Amazon's CEO Defends Massive Spending Spree Amazon's CEO Andy Jassy is justifying the company's plan to spend $200 billion on infrastructure by arguing that competitors like Nvidia, Intel, and Starlink are falling short in what customers actually need. In his annual letter to shareholders, he essentially makes the case that Amazon has to build its own solutions rather than rely on these other companies. This spending matters to everyday people because it affects what AI tools become available and how expensive they are to use.

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.

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