Amazon CEO Takes Aim at Nvidia, Intel, Starlink, More in Annual Shareholder Letter

Amazon CEO Andy Jassy has taken a veiled swipe at several major tech companies, including Nvidia, Intel, and Starlink, in the company's annual shareholder letter. Jassy defended Amazon's $200 billion investment in capital expenditures, which some have criticized as excessive. In the letter, Jassy also touted Amazon's investments in cloud computing, artificial intelligence, and other areas.

The move is seen as a response to criticism from investors and analysts who have questioned the company's spending habits. Nvidia, Intel, and Starlink were not immediately available for comment. Amazon has been expanding its cloud computing business, and Jassy's letter highlighted the company's efforts to improve its data center efficiency and reduce its carbon footprint.

The letter also touched on Amazon's investments in artificial intelligence, including its development of the SageMaker platform. Overall, Jassy's letter is seen as a defensive move to justify Amazon's spending habits and reassure investors.