Amazon plans to invest over $100 billion in building datacenters over the next decade.

On July 1, Guolonghui reported that Amazon plans to invest more than $100 billion in building datacenters in the next 10 years. Today, the e-commerce giant's investment in datacenter infrastructure has already surpassed that of retail warehouses. According to data from market research firm Dell'Oro Group, Amazon's capital expenditure on datacenters (including leasing) accounted for more than half (53%) of its total capital expenditures last year, reaching a new high in nearly a decade. John Felton, CFO of Amazon Web Services, has said that the company is now investing heavily in datacenter infrastructure to support artificial intelligence.

Gelonghui FinanceJul 1 20:49

Increased demand for AI electrical utilities has led to competition within the technology industry for nuclear power supply.

As the electrical utilities demand increases in datacenters powered by artificial intelligence, the technology industry is working to ensure stable power supply by using nuclear power stations. Reports indicate that negotiations are currently underway with the owners of approximately one-third of nuclear power plants in the USA. Amazon Web Services (AWS) is about to reach a direct power supply agreement with Constellation Energy (CEG.US), which owns the largest nuclear power plant group in the country. In March of this year, AWS acquired a nuclear-powered datacenter park in Pennsylvania. Vistra (VST.US)

Zhitong FinanceJul 1 19:10

Is Amazon.com Inc (NASDAQ:AMZN) the Best AI Momentum Stock to Benefit From Volatility Ahead?

Yahoo Finance28minutes ago

The S&P 500's Reliance on a Few Winning Stocks Is Getting Worse

By Joy Wiltermuth S&P 500's performance in the second quarter would be negative without these 10 stocks U.S. stocks on Monday added to a blistering rally in 2024 - for a select group of winning stoc

MarketWatch40minutes ago

Nexi Partners With Amazon Italy to Support Bancomat Pay Payments

Yahoo Finance18:45

Express News | Amazon cloud computing service is about to reach an electrical utilities supply agreement with a nuclear power company.

BreakingsJul 1 11:17