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Amazon Commits $25 Billion To Data Center Expansion [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
The latest push includes another $11 billion going into a Madison County facility and about $1 billion to turn a former manufacturing plant in Hinds County into a data center. Amazon said the projects will create around 2,000 high-skilled jobs, though it's still unclear how many of those will be permanent roles. It's also investing in the energy side, backing five renewable projects expected to generate about 616 megawatts of carbon-free power to support the growing infrastructure. Warning! GuruFocus has detected 2 Warning Sign with AMZN. Is AMZN fairly valued? Test your thesis with our free DCF calculator. Zooming out, this fits into a much larger trend. AWS already runs close to 400 data centers across the U.S., and most of that capacity sits in the eastern region. With AI workloads exploding, Amazon is clearly trying to stay ahead by building out capacity as fast as possible.
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- Amazon.com (AMZN) had its "outperform" rating reaffirmed by Evercore Inc.[MarketBeat]
- Amazon.com (AMZN) had its "outperform" rating reaffirmed by William Blair.[MarketBeat]
- Amazon.com (AMZN) had its "buy" rating reaffirmed by Jefferies Financial Group Inc..[MarketBeat]
- Amazon.com (AMZN) had its "market outperform" rating reaffirmed by Citizens Jmp. They now have a $315.00 price target on the stock.[MarketBeat]
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