Amazon.com Inc (NASDAQ:AMZN) has announced plans to invest approximately $10 billion in North Carolina to expand its data center infrastructure in support of artificial intelligence (AI) and cloud computing. The investment is expected to create at least 500 high-skilled jobs, with thousands more supported through the broader Amazon Web Services (AWS) data center supply chain and related construction and operational roles.
Amazon will invest approximately $10 billion toward new artificial intelligence data center infrastructure in North Carolina, company and state officials announced Wednesday.
Key Points in this Article: Future stock performance hinges on Amazon's growth in e-commerce, AWS and advertising amidst increasing competition.
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Specialty Retail Industry | Consumer Cyclical Sector | Mr. Andrew R. Jassy CEO | XSTU Exchange | US0231351067 ISIN |
US Country | 1,560,000 Employees | - Last Dividend | 6 Jun 2022 Last Split | 15 May 1997 IPO Date |
Amazon.com, Inc. is a multinational conglomerate that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It was founded in 1994 and has its headquarters in Seattle, Washington. Amazon has established itself as a leader in the online retail world, providing an extensive range of consumer products, advertising solutions, and subscription services. The company operates on a global scale, with key market segments in North America and International territories, along with its Amazon Web Services (AWS) sector, which offers advanced cloud computing solutions. Amazon's mission encompasses the retail sale of consumer products and services through online and physical outlets, manufacturing of electronic devices, content production, and provision of a platform for sellers, content creators, and developers.