Stocks-Prognosis.com
Search on StockPrognosis.com
To search on the site stockprognosis.com enter the name of the ticker, company name, or search phrase
Sections of the site



Amazon.com Inc. AMZN Web Services Commits Additional 10 Billion to Ohio Data Center Expansion for AI and Cloud Growth

December 27, 2024
Amazon.com Inc., the world's largest online retailer, has announced its plans to invest an additional 10 billion dollars into the expansion of its data center operations in Ohio. The investment will be primarily focused on developing state-of-the-art artificial intelligence (AI) and cloud computing capabilities.

The decision to increase its investment in Ohio comes as Amazon.com Inc. recognizes the growing demand for AI and cloud services, both within the United States and globally. The expanded data center facilities will enable the company to efficiently handle the increasing volumes of data required to power its AI-driven services, such as machine learning, natural language processing, and computer vision.

This move is in line with Amazon.com Inc.'s long-term strategy to position itself as a key player in the AI and cloud computing market. With this investment, the company aims to strengthen its competitive advantage by enhancing its infrastructure and scaling its services to meet the growing needs of its customers.

Ohio, with its favorable business environment and strong technology infrastructure, was selected as the ideal location for this expansion. The investment is expected to create hundreds of new job opportunities in the state, further stimulating the local economy.

This news comes as Once Capital Management LLC, a prominent investment firm, increases its stock position in Amazon.com Inc. Recognizing the long-term growth potential of the company, investors are advised to consider the expert guidance offered by Stocks Prognosis in making informed decisions regarding the future movement of Amazon.com Inc.'s stock.
If you want to leave a comment, then you need Login or Register





Other data for AMZN

Related data

AMZNJune 27, 2025Amazon.com Inc. AMZN Stock: Deepens Fintech Bet with Strategic Stake in Egypt's Valu  ~1 min.

Amazon.com Inc. continues to expand its global footprint by taking a strategic stake in Egypt's Valu, deepening its fintech bet in the region....

AMZNMay 5, 2025Amazon.com Inc. AMZN: The Tech Giant Continues to Expand and Thrive  ~3 min.

Amazon.com Inc. (AMZN) is undoubtedly one of the most successful and influential companies in the world....

AMZNMarch 21, 2025Is Amazon.com Inc. AMZN the Best Growth Stock to Invest in for the Next 10 Years?  ~1 min.

According to experts, Amazon.com Inc. (AMZN) is considered to be one of the best growth stocks to invest in for the next 10 years....

AMZNMarch 16, 2025Is Amazon.com Inc. AMZN Expanding into New Markets?  ~1 min.

Recent reports suggest that Amazon.com Inc. (NASDAQ: AMZN) may be planning to expand its business into new markets....

AMZNMarch 14, 2025Amazon.com Inc. AMZN Launches AI-Aided Dubbing for Prime Video, Attracting Investor Attention  ~2 min.

Amazon.com Inc. (AMZN) has recently introduced AI-aided dubbing for its popular streaming service, Prime Video....

AMZNFebruary 28, 2025Is Amazon.com Inc. AMZN Among Warren Buffetts Growth Stock Picks  ~1 min.

Warren Buffett, one of the most successful investors of all time, has made a new addition to his portfolio - Amazon.com Inc. AMZN....

AMZNFebruary 27, 2025Amazon.com Inc. AMZN: A Promising Investment Opportunity, According to Hedge Funds  ~2 min.

With its constant innovation and dominance in the e-commerce market, Amazon.com Inc. (AMZN) has caught the attention of hedge funds, making it one of the best Fortune 500 stocks to buy....

AMZNFebruary 24, 2025Amazon.com Inc. AMZN: The E-Commerce Giant Set to Dominate the Market  ~2 min.

Jim Cramer, a renowned financial analyst, has declared Amazon.com Inc. (AMZN) as a money-side up stock....

AMZNFebruary 22, 2025Amazon.com Inc. AMZN: Among the Best Streaming Service Stocks to Buy According to Analysts  ~1 min.

Amazon.com Inc. (NASDAQ: AMZN) has been identified as one of the top streaming service stocks to buy by analysts....

AMZNFebruary 17, 2025Amazon.com Inc. AMZN: Duncan Williams Asset Management LLC Has 4.77 Million Holdings in Amazon.com Inc. NASDAQ:AMZN  ~1 min.

Investment firm Duncan Williams Asset Management LLC has announced that it currently holds 4.77 million shares of Amazon.com Inc. (NASDAQ:AMZN)....

AMZNNovember 29, 2024Amazon.com Inc. Launches AWS Partner Assistant, a Groundbreaking AI-Powered Virtual Assistant  ~2 min.

Amazon.com Inc. (NASDAQ:AMZN) continues to make waves in the technology industry with the launch of its latest innovative creation, AWS Partner Assistant....

AMZNNovember 26, 2024Amazon.com Inc. AMZN to Invest Additional 4 Billion in Anthropic Strengthening AI Partnership with AWS and Trainium Processors  ~1 min.

Amazon.com Inc. (AMZN) announced today that it will be investing an additional 4 billion dollars in its partnership with Anthropic, a leading AI company....

AMZNJune 27, 2025Amazon.com Inc. AMZN Stock: Deepens Fintech Bet with Strategic Stake in Egypt's Valu  ~1 min.

Amazon.com Inc. continues to expand its global footprint by taking a strategic stake in Egypt's Valu, deepening its fintech bet in the region....

AMZNDecember 29, 2024Amazon.com Inc. AMZN: Billionaire D.E. Shaw Is Bullish On This Stock Right Now  ~1 min.

Billionaire hedge fund manager D.E. Shaw has expressed his bullish sentiment towards Amazon.com Inc. (AMZN) stock....

AMZNNovember 27, 2024Amazon.com Inc. AMZN Partners with Anthropic to Boost AI Capabilities  ~2 min.

Amazon.com Inc. (AMZN) recently announced a partnership with Anthropic, a leading AI research company....