Amazon Warehouses Nvidia GB300 Racks Before Power Is Ready

AWS is taking ownership of Nvidia GB300 server racks ahead of data-center and power readiness, with roughly $5 billion in deliveries in August and about $3 billion per month after that under its Early Rack Receipt program. Amazon's projected $220 billion in capex has pushed its free cash flow negative.

• GB300 deliveries: ~$5B in August, then ~$3B per month
• Amazon's projected annual capex is about $220 billion
• AWS reports negative free cash flow on AI buildout
• Some racks wait in staging warehouses for power capacity