Amazon has billions in Nvidia hardware waiting on power that isn’t there yet

Amazon has spent a fortune on some of the most sought-after hardware on the planet. A meaningful chunk of it is now sitting in storage. According to a report from ZeroHedge, Amazon is holding billions worth of Nvidia hardware in warehouses because its data centers lack the power to turn it on. The company has the servers but not the electricity to run them. Racks arriving faster than the grid can keep up The backlog stems from a deliberate strategy. Amazon has been speeding up deliveries of Nvidia GPU server racks, especially the GB300 series, under an approach described as “Early Rack Receipt.” Internal documents dated August 2026 show Amazon was set to take delivery of approximately $5 billion worth of GB300 racks that month. The documents point to an expected $3 billion in deliveries every month after that. Some of these racks are being staged in facilities with plenty of floor space but not enough power supply to activate them. A $220 billion bet with a cash flow cost The racks are part of a much larger spending push. Amazon’s capital expenditures for 2026 are projected at roughly $220 billion, nearly double 2025 levels. Most of that money is aimed at AWS and AI infrastructure....