Amazon is the company best positioned to benefit from the AI efficiency wave — it sits at the center of AI infrastructure, digital advertising, and logistics, and its capex investment in AI will be vindicated.
Camillo explains why roughly 70% of his portfolio is in Amazon: they are a chip company (Trainium), the largest data center infrastructure company, the third-largest digital advertiser, and the world's largest logistics provider — all leveraged to AI, plus their 15% stake in Anthropic could alone offset their AI capex. ✦ AI generated
Chris Camillo · My First Million · 2026-07-29 · original ↗
starts at this moment · 50:54
“What are the things you have most high conviction in right now?”
Amazon is betting the entire company on AI. End of story. They are making the biggest capex investment of any company in the world by a big margin in AI. And the world is still unsure about how this is going to play out. I'm not unsure. I'm willing to bet it all. They think that the infrastructure layer of AI which is Amazon. Because Amazon understand this. They are a chip company, right? Their trainium, their chips alone, their trainium AI chips are generating like $50 billion of revenue this next year. They are one of the largest infrastructure data center companies in the entire world. And their AWS platform and everything that they've constructed in cloud computing over the past 15 plus years sits at the center of this architecture infrastructure for AI. On top of that, Amazon is the third largest digital advertising company in the world. As AI makes advertising meaningfully more efficient and targeted and effective and personal and rich for consumers, Amazon is at the center of that wave. Additionally, Amazon has spent 20 years building out the world's largest logistical infrastructure for the delivery of physical product to humans. As we enter this new world of intelligence and automation and robotics, Amazon already has the infrastructure as the world's largest e-commerce company, the largest logistics company to benefit massively from the increases in productivity and efficiencies that infinite free intelligence.
verbatim transcript · starts at 50:54
50:34is it's this simple. Amazon is betting the entire company on AI. End of story. As is some of the other big tech companies, right? They are leveraging all of their profits. They're leveraging their balance sheet. They are building out massive in infrastructure unlike they ever had in the history of the company. They are making the biggest capex investment of any company in the world by a big margin in AI. And the
51:03world is still unsure about how this is going to play out. I'm not unsure. I'm willing to bet it all. They they think that the infrastructure layer of AI which is Amazon. Okay. Because Amazon understand this. They are a chip company, right? Their tranium, their chips alone, their tranium AI chips are generating like $50 billion of revenue this next year. They are the one of the largest infrastructure data center
51:30companies in the entire world. and their AWS platform and everything that they've constructed in cloud computing over the past 15 plus years sits at the center of this architecture uh infrastructure for AI. Okay. On top of that, Amazon is the third largest digital advertising company in the world. Okay. So as AI makes advertising meaningfully more efficient and targeted and effective and personal and rich for consumers. Amazon is at the center of that wave.
52:09Additionally, Amazon has spent 20 years building out the world's largest logistical infrastructure for the delivery of physical product to humans. an investment that no other company has even come close to making. That investment even moving the margin needle a few points is a gamecher for Amazon. So as we enter this new world of intelligence and automation and robotics, okay, Amazon already has the infrastructure as the world's largest e-commerce company,
52:46the largest logistics company to benefit massively from the increases in productivity and efficiencies that infinite free intelligence. And eventually what we're going to see is is embodied intelligence, right, with robotics, right? This is going to result in productivity and efficiency gains unlike we've ever experienced as humans. And Amazon is the number one company to benefit from all of that. >> Sound like you're giving a sermon. You're bought in.
53:18>> And by the way, they own like 15% of Anthropic, too. >> They just And that's what's so funny here. Now, if Anthropic IPOs between 1 and 2 trillion, which who knows? I think there's a reasonable chance they will next year, Amazon will make more money off that IPO than the 200 billion they spent on capex that everybody's so worried about, right? And so, again, we are living in an age when the market has
53:42more noise than it's ever had. The stories are changing every day. Like, it's impossible as an investor to cut through the noise. So that's what's so difficult is is I think most new investors, they just give up because they're like, I can't keep up with all this stuff. You don't have to keep up with any of it. Just find one company that kind of sits in a place where they
54:09stand to benefit meaningfully from something that you're seeing in the world. It could be AI with Amazon. It could be the fact, you know, one of my big trades recent, you know, one of my big trade thesises recently is flip-flops are trending this summer, right? Because last summer there were $750 flip flops made by a company called Row and now every person in the world wants to wear flip flops because they're