Ticker Take co-hosts Caroline Lesley and Jon Erlichman recently spent a day inside Annapurna Labs, the Amazon facility in Austin, Texas where the company designs the custom chips that now power some of the biggest names in artificial intelligence, including Anthropic, OpenAI and Apple. The full deep dive is on Ticker Take. But the trip gave us something every analyst on the stock would envy: a first-hand look at what Amazon is actually building.