Amazon.com Inc (NASDAQ: AMZN) was in focus this morning after its cloud computing subsidiary Amazon Web Services (AWS) announced plans to invest over $500 million in nuclear power. This comes amid an increasing need for energy as it continues to expand its footprint in generative artificial intelligence.
Tech companies are embracing the construction of new small modular reactors, which could have nuanced implications for nuclear stocks that have been some of the biggest gainers of 2024.
Company says it signed three agreements on developing small modular reactor nuclear power technology
Amazon has inked three deals nuclear power deals to help decarbonise its energy-hungry data centers, following similar a deal by Google earlier in the week. The online retailer, which also has a giant cloud server arm, Amazon Web Services, noted that small modular reactors (SMRs) have smaller physical footprints, which allows them to be built faster and closer to the grid.
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CNBC's Diana Olick joins 'Squawk Box' with the latest news from Amazon.
Amazon.com is making a down payment on a set of new nuclear reactors in Washington state.
Amazon on Wednesday announced its first color Kindle e-reader following years of effort to bring the more immersive device to market.
Amazon is refreshing its entire e-reader lineup, launching four new devices. The company announced its first Kindle e-reader with a color display, which costs $279 and ships Oct. 30.
Amazon is betting big on nuclear power to help drive a massive data-center expansion that includes more than $52 billion across just three U.S. states.
Amazon today announced agreements supporting the construction of a next-generation nuclear power plant in its home state of Washington — marking the latest development in the tech-driven resurgence of nuclear energy.
Amazon.com said on Wednesday it has signed three agreements on developing the nuclear power technology called small modular reactors, becoming the latest big tech company to push for new sources to meet surging electricity demand from data centers.