Amazon nasdaq Amzn Shares Climbs Higher on Aws's Huge Investment Plan

Amazon (NASDAQ: AMZN) Shares Climbs Higher on AWS’s Huge Investment Plan

Amazon (NASDAQ: AMZN) stock edged up on Friday amid reports that its AWS cloud computing division plans a $10 billion investment in Mississippi data centers.

Amazon Web Services (AWS) has announced a $10 billion investment to construct two data center complexes in Madison County, Mississippi, representing the most substantial capital investment in the state’s history.

Working in partnership with the Madison County Economic Development Authority (MCEDA), AWS plans to set up several data center complexes in two industrial parks within Madison County. These projects anticipate generating a minimum of 1,000 new employment opportunities.

Beyond the financial commitment, Amazon will also extend support for STEAM education and learning opportunities for K-12 school systems in Mississippi. In addition, the company will work on advancing and expanding training programs and opportunities for practical learning in data center construction and operations, as well as the broadband expansion industry.

Furthermore, Amazon will assist educational institutions and independent learners by offering a free, ready-to-learn cloud computing curriculum. This curriculum will focus on specific skills and roles in cloud computing, including cloud support, software development, and data integration. This initiative expands upon AWS’s existing pledge to offer free cloud computing skills training to 29 million individuals globally by 2025.

Amazon Pours Billions into Cloud Services

This signifies the fourth significant investment by Amazon in its cloud-computing business within the past year. In July, the company announced a $7.8 billion investment by 2030 to expand its data center operations in Ohio.

Moreover, in May, Amazon committed $12.7 billion to enhance its cloud infrastructure in India by 2030, and in January, it announced a $35 billion investment by 2040 to expand data centers in Virginia.

Amazon has channeled an investment of $2.3 billion into Mississippi since 2010. This investment includes five fulfillment centers, four delivery stations, five solar farms, a wind farm, and a Whole Foods Market outlet.

Amazon (NASDAQ: AMZN) Stock Movement

AMZN stock increased 0.87% on Friday. The traders had exchanged hands with 51,047,352 (51.04 million) shares compared to the average daily trading volume of 48.71 million.