annual revenue run rate for our chips business (inclusive of Graviton, Trainium, and Nitro—our EC2 NIC) is now over $20 billion, and growing triple digit percentages YoY.
"There’s so much demand for our chips that it’s quite possible we’ll sell racks of them to third parties in the future.
"We’re not investing approximately $200 billion in capex in 2026 on a hunch. The recent OpenAI commitment (over $100 billion) is an example of this, but there are several other customer agreements completed (and unannounced), or deep in process. Of the AWS capex we expect to spend in 2026, much of which will be monetized in 2027-2028, we already have customer commitments for a substantial portion of it."
Call it very supportive, call it very constructive, either way those comments back the multi-year guidance issued several weeks ago from Marvell and Broadcom.