Amazon CEO Challenges Key Competitors and Highlights Company's Strategic Moves in Annual Shareholder Letter

Thu, 09 Apr 2026 17:44:00 +0200

In his annual shareholder letter, Amazon CEO Andy Jassy took subtle but pointed shots at key industry competitors, including Nvidia, Intel, and SpaceX's Starlink. While maintaining strong partnerships with these companies, Jassy emphasized Amazon’s growing influence in areas like AI and cloud computing. He highlighted the success of Amazon’s homegrown AI chips, such as Trainium, which are seeing high demand and are poised to compete with Nvidia’s market dominance in AI. The letter also underscored Amazon’s success with its Graviton CPU, which has captured significant market share among AWS’s top customers. In addition, Jassy hinted at Amazon's expanding ambitions, including launching a Starlink competitor, Amazon Leo, which has already secured key contracts with major companies like Delta Airlines and AT&T. Furthermore, Jassy teased future plans for Amazon to explore robotics solutions, potentially leading to new markets. The CEO also made a strong case for Amazon’s capital expenditure