Amazon

Waymo remains paid-scale anchor; China Apollo/Pony/WeRide grow fleets & overseas faster. Sleeve: GOOGL/BIDU/TSLA options + UBER/BYD shovels + PONY/WRD satellites. See freight.

Aurora (AUR) runs U.S. commercial driverless line-haul; China skews hubs/city logistics & JD/Meituan cost options. Sleeve: NVDA shovels + AUR β + logistics. See Robotaxi.

Apache 2.0 AgentX: $3M dataset, 1M+ context, 393 Claude Code traces, 95%+ KV reuse; ~2MW/1000+ chips full-stack test. DCP/PCP composability favors NVDA; post Aug 21 B200 perf/$ passed MI355X. See TileRT, open models note, AMD.

CS-4 keeps 5nm WSE-3; power/clock + 3-wafer backpack rack ~2× tok/s/user at similar BOM/wafer. 44GB SRAM unchanged—long-context needs disagg + HBM partners. See TileRT, AgentX v3, AMZN/Trainium.

2026-08-05 DeepMind leadership overhaul; SA sees frontier odds collapsing as compute tilts to GCP/external TPU sales. Gemini ARR ~$12B in 2Q26 vs ~$200B YE2027 GCP external AI+TPU systems narrative. See GOOGL.

Amazon Q2: net sales $200.6B (+20%), OI $27.5B (+43%); AWS $42.2B (+37%), ARR ~$169B; ads ~$19.81B (+26%). GAAP NI includes ~$53.4B pre-tax Anthropic MTM; CapEx outlook ~$220B; Q3 guide $197–202B. See Microsoft, NVDA.

SemiAnalysis: 60GW+ modular capacity; labor bottleneck. https://newsletter.semianalysis.com/p/the-wild-wild-west-of-lego-datacenters