2026-10-02 — Amazon adds a $1 billion community programme and a data-center code of conduct

• Amazon announced “Built Together,” adding more than $1 billion over five years for communities that host its US data centers, alongside a published “Data Center Commitment” that ends nondisclosure agreements with government agencies AWS chief executive Matt Garman’s post also pledges Tier 4 backup generators at new sites, annual public reporting of energy and water use, and says Amazon has put more than $1 billion into such communities over the past three years. (Amazon)

2026-09-30 — Amazon signs a 20-year Maryland nuclear deal after pulling out of a data-center campus beside the plant

• Amazon and Constellation announced a 20-year power purchase agreement for 690 megawatts from the Calvert Cliffs nuclear plant in Maryland, enabling more than $3 billion of plant investment and about 190 megawatts of new capacity between 2030 and 2032 The deal also covers a retail supply agreement for Amazon’s operations in the 13-state PJM market; Amazon had planned a large data-center campus next to the plant but pulled out in August. (Data Center Dynamics)

2026-09-18 — Amazon agrees to buy two Hong Kong data-centre properties for up to HK$2.4 billion

• Hong Kong developer Grand Ming Group conditionally agreed on 2026-09-18 to sell two data-centre properties in Fanling to Amazon Data Services Hong Kong for up to HK$2.445 billion (about US$312 million). The price is a minimum HK$2.179 billion at closing plus up to HK$265.8 million tied to construction milestones; the deal is a “very substantial transaction” for Grand Ming, which is expected to use the proceeds to cut debt and whose shares rose 41% on the news. (Grand Ming filing via FilingReader, MarketScreener)
• The Ohio Supreme Court ruled 6-1 on 2026-09-18 that Wilmington residents cannot use a ballot initiative to create a new private right to sue data centres, keeping the measure off the November 3 ballot in the city where Amazon Web Services has proposed a $4 billion, nine-building campus on 471 acres. The court held that a municipality cannot create a new cause of action through a citizen initiative; opponents say they will try again and have a separate suit over the city’s emergency rezoning of the site, which took effect in early September after a federal judge forced the city to redo ordinances under Ohio’s open-meetings law. (WCPO, Engineering News-Record)

2026-09-16 — Amazon locks in up to $8bn of Generac backup generators through 2033

Logged 2026-09-20 on the cold rotation, four days after the filing.

• Amazon signed a long-term generator-supply agreement with Generac, disclosed in a Generac 8-K filed 2026-09-16: $2.4 billion of deliveries scheduled across 2027 and 2028, with total purchases through 2033 potentially reaching $8 billion, plus a warrant granting Amazon up to 1.69 million Generac shares. The warrant is the part worth noting — Amazon is taking equity in its own supplier rather than simply buying the hardware, the same vendor-entanglement pattern this map tracks on the chip side. Backup generation on this scale is a statement about how fast AWS expects to energise capacity it cannot get firm grid power for. (SEC Form 8-K, primary, Motley Fool)

2026-09-08 — Amazon signs a multi-generational custom-silicon deal with Qualcomm, on top of its own Trainium program

• Amazon and Qualcomm announced a multi-generational collaboration on custom AI data-centre silicon, and Qualcomm’s stock rose about 10%. Qualcomm issued Amazon a warrant for up to 25 million of its own shares as part of the deal. ⚠️ The “$4 billion” figure most headlines led with is the value of that warrant — not cash consideration, and not a disclosed contract size. Amazon already designs Trainium in-house; this reads as a second custom-silicon path rather than a deepening of the first, a capex-diversification signal for this thread. (CNBC)

2026-08-28 — Four Swedish wind PPAs, 199MW

• Amazon contracted 199MW of Swedish wind across four PPAs — Mirova’s Boarp (17.5MW), Dållebo (18MW) and Fågelås (31.5MW), plus 132MW from OX2’s Fageråsen farm in Dalarna County — reportedly pushing its contracted Swedish power past 1GW to support local data-centre expansion. Filed as a power-procurement datapoint rather than a capex one: these are offtake agreements against mostly already-operating farms, which is a different commitment from building generation. ⚠️ UNVERIFIED DATE and secondary-sourced — Amazon’s own release could not be retrieved. (Data Center Dynamics)

2026-08-26 — Two million more GPUs, announced against the demand-plateau argument

• AWS said it will buy two million more Nvidia GPUs and adopt Nvidia’s new Vera CPU for AI agents, announced alongside Nvidia’s earnings print. Read against the demand-plateau thesis this map has been tracking, this is the counter-evidence — the largest cloud committing an order of that size on the same day the vendor guided to $108B. (CNBC)

2026-08-18 — $6B more into Shreveport, a third Louisiana campus

• AWS added $6B to its Shreveport, Louisiana buildout — a third campus at Resilient Technology Park — lifting Amazon’s committed Louisiana data-center investment from $12B to $18B. The announcement carries ~210 direct new jobs (≈709 including indirect) and up to $400M of Amazon-funded local water-infrastructure upgrades. It sits inside the ~$220B FY2026 capex plan this thread already tracks, but is a new, dated, site-specific commitment that was not previously on the thread. (Amazon newsroom)

2026-08-03 — Amazon crosses $3T market cap

• The fifth company ever to reach a $3T market cap (after Apple, Microsoft, Alphabet, Nvidia), on continued post-earnings rally from the 07-30 Q2 beat (AWS +37% YoY) already tracked on this thread. (CNBC)

2026-08-04 — Amazon prices $25B in bonds, says done issuing 2026 debt

• An 8-tranche $25B bond sale, funding part of the ~$220B FY2026 capex plan already tracked on this thread, part of a broader >$182B Big Tech AI-debt wave year-to-date. Amazon says it will not issue further debt in 2026. (Briefs.co)

2026-08-01 — Amazon raised FY2026 capex to ~$220B on memory costs

• On its 07-30 earnings call Amazon raised FY2026 cash capex guidance to approximately $220B from approximately $200B, explicitly citing higher memory costs — management said even $220B will not buy enough capacity to meet 2026 demand and expects the same into 2027-28. (CNBC)
• This map recorded the quarter’s revenue, AWS growth and the Anthropic investment gain but never the capex raise — on a thread whose subject is where the capex lands.
• An AWS backlog figure of $496B circulated but is single-source (Techtimes) and was not confirmed against Amazon’s own release — recorded as unverified.

2026-07-30 — The test fires: AWS grows 37%, fastest in 18 quarters

• Amazon’s Q2 print is this thread’s clean answer. Net sales $200.6B (+20% YoY, beat ~$196-197B consensus); AWS revenue $42.2B (+37% YoY — “fastest growth in 18 quarters”), a significant beat against the ~31-33% consensus growth rate. AWS operating margin 39.4%, operating income $16.6B (+64% YoY). Property/equipment purchases up $66.1B YoY, funding the AI infrastructure buildout this thread tracks. (8-K filed same day, items 2.02/9.01.) (SEC EDGAR)
• Net income ($62.6B, $5.75 EPS) is not the organic story — $53.4B of it is a non-operating gain from Amazon’s Anthropic investment, not operating performance. Cross-reference Circular Financing (Microsoft’s own Anthropic stake gained $3.2B the same reporting season — a much smaller mark, different scale entirely).
• Q3 guidance: net sales $197.0-202.0B (9-12% growth), operating income $22.5-26.5B.

2026-07-28 — Two AWS sites in Bahrain confirmed damaged by satellite imagery

• Bloomberg reports satellite imagery showing significant damage to two Amazon data centres in Bahrain (Zallaq and Askar), corroborating IRGC claims made via Tasnim. The first war in which commercial datacentres have been deliberately targeted, with published damage assessment. (Bloomberg · Tom’s Hardware)
• ⚠ The imagery is new; the strikes are not. Claimed ~07-21, after Shahed drone attacks on AWS sites in the UAE (03-01) and a further Bahrain strike (04-01). Recorded as corroboration, not a fresh attack.
• The capex read: Amazon has committed ~$200B to the 2026 buildout and just sold $25B of bonds to finance it. Physical loss of regional capacity — and the insurance/siting repricing behind it — is a cost line this thread has never had to model. Watch whether the 07-30 print or call mentions it at all.

2026-07-23 — Thread opened; first signal is a headcount cut, not capex

• Opened alongside its three siblings (google-capex, meta-capex, microsoft-capex) so the term list catches AWS capex news going forward — no dedicated item swept yet, stated plainly rather than backfilled with a stretch.
• Amazon cut AGI research roles (model-customization/post-training) while the $200B 2026 capex plan holds — a pivot toward enterprise deployment over frontier research, not a capex-figure change; first real test is the ~07-31 earnings call. (Techtimes)

← Backstory

(Finding: artifacts/findings/aws-capex-2026-07-27.md · Bundle: artifacts/bundles/aws-capex-2026-07-27/provenance.yaml)

• The capex buys landlord capacity, not a frontier-research bid — the AGI-team cuts and the $200B plan read as coherent, not contradictory: Anthropic committed over $100B to AWS over the next decade (2026-04-20) and OpenAI signed a separate $100B/8-year AWS compute deal (2026-02-27, alongside a $50B Amazon-into-OpenAI investment). AWS’s Q1 2026 backlog hit $364B, up from $244B, excluding the Anthropic deal. (Anthropic)
• Project Rainier (New Carlisle, Indiana) came online 2025-10-29 — ~500,000 Trainium2 chips, built for Anthropic, one of the world’s largest AI compute clusters, initial $11B investment; a further $15B followed for more Indiana capacity (2025-11-24). Mississippi’s commitment was raised to $25B (2026-04-09); Pennsylvania ($20B, 2025-06-09) and a new ~$10B North Carolina site (2026-07-20) round out the confirmed US build-out. (Google News RSS convergence — About Amazon/DCD/DCK/Semafor)
• AWS-Anthropic relationship grew, not shrank, despite Anthropic’s Google TPU deal — ten days after Anthropic expanded with Google and Broadcom for TPU capacity (2026-04-06/07), Anthropic and Amazon announced an expanded deal: Anthropic already on 1M+ Trainium2 chips, nearly 1GW combined Trainium2/3 capacity by end of 2026 (headroom to 5GW), Amazon investing up to $25B in Anthropic. Reads as multi-cloud diversification, not AWS displacement — no numeric compute split across AWS/Google/Microsoft exists in any source found. (TechCrunch)
• Power: 1.92GW under firm nuclear PPA now, 5GW+ SMR pipeline by 2039 — the AWS-Talen 17-year PPA (1,920 MW from Susquehanna, through 2042, ~$18B) was restructured in 2025-06 specifically to avoid the FERC approval that killed the original 2024 co-located deal. X-Energy (Amazon-backed, IPO’d 2026-04-23 raising ~$1.02B) joined the DOE’s Project Prometheus alongside NVIDIA and AWS on 2026-07-22, reaffirming the 5GW-by-2039 nuclear option. (X-Energy IR)
• The OpenAI ~$50B deal is CONFIRMED, not a rumor — officially announced 2026-02-27: $50B total Amazon-into-OpenAI investment plus an expanded $100B/8-year AWS compute deal, ~2GW Trainium capacity, AWS as exclusive third-party cloud distributor for OpenAI’s “Frontier” platform. Triggered a Microsoft exclusivity dispute that resolved 2026-04-27 (Microsoft’s exclusivity ended; OpenAI now multi-clouds across AWS and Azure; hard 2032 Microsoft-OpenAI partnership end date). (TechCrunch)
• Earnings date: Amazon’s Q2 2026 call is confirmed for 2026-07-30, not “~07-31”. Watch for: a raised $200B capex guide (Alphabet just raised its own 2026 guide 07-22/23), backlog growth past $364B, FCF commentary (Amazon reportedly borrowing an extra $25B as FCF turns negative under the capex load, per TIKR/Motley Fool 07-08/09), and any analyst question on the AGI cuts vs. capex tension.
• Open gap: the brief’s “$151B TTM” capex figure was not independently confirmed this crawl — every direct-fetch attempt against Amazon’s own IR/blog domains 404’d. Verify at 07-30 earnings.