Amazon Bets $65B on AI and Cloud Expansion as Stock Rises
Amazon's $15 billion Indiana data center investment signals aggressive cloud infrastructure scaling, with 2.4GW capacity and 1,100 jobs added. The MOVE follows an $11 billion commitment last year, totaling $31.3 billion in state investments since 2010.
Separately, AWS unveiled plans for up to $50 billion in AI/supercomputing upgrades for U.S. government clients. A NIPSCO power deal ensures operational costs won't burden local communities.
The dual announcements fueled a 2% stock rise Monday, reflecting market confidence in Amazon's dual play: meeting commercial AI demand while securing high-margin government contracts.