Amazon's Letter to Shareholders: Here's What You Need to Know

Andy Jassy is so bullish on Amazon's chips that he took a rare shot at Nvidia

Amazon CEO Andy Jassy.Andrej Sokolow/picture alliance via Getty ImagesAndy Jassy shared his annual letter to Amazon shareholders — and AI was a big topic.The Amazon CEO said its chip business is "on fire."He also took a rare shot at Nvidia.Andy Jassy used his annual letter to shareholders to tout Amazon's AI chip progress — and lay down the gauntlet to Nvidia.Amazon is an Nvidia customer, but the e-commerce giant also makes its own AI chips, cal…

Amazon's letter to shareholders: Here's what you need to know

CNBC's Kate Rooney reports on Amazon CEO Andy Jassy's annual letter to shareholders.

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

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.