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 — Late catch: $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 — caught by this run’s cold-rotation sweep three days after the fact, not on the day. (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 — Late catch: 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 correction: Amazon’s Q2 2026 call is confirmed for 2026-07-30, not “~07-31” as this thread’s watch line has said since opening — worth fixing on next /daily//steer touch. 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.