Forget Nvidia: This Other "Magnificent Seven" Member Just Poured $11 Billion Into Data Centers [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: Yahoo! Finance
In the background, one of the more lucrative opportunities benefiting from the booming AI demand is data centers. While Nvidia is the 800 pound gorilla in data center services, smart investors understand that there are many businesses competing alongside the chip giant One thing that might come as a surprise, however, is that not all data center investment prospects are traditional infrastructure and storage plays. In fact, one of Nvidia's " Magnificent Seven " peers is getting in on the action. Although Amazon (NASDAQ: AMZN) is best known for its e-commerce marketplace and cloud computing platform, the company recently announced that it's planning an $11 billion investment to build data centers in Indiana. Let's break down why Amazon is interested in building its own data center infrastructure, and how these investments could lead to robust long-term gains in the future. It started with Amazon's $4 billion partnership Last September, Amazon announced that it was investing
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AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- AMZN's page on the SEC website