Amazon’s $35B India Bet Fuels AI Arms Race as Shares Edge Higher
Amazon's stock (AMZN) climbed 0.45% following its $35 billion commitment to India through 2030. The investment targets AI infrastructure expansion and export growth, aiming to quadruple Indian exports to $80 billion while creating one million jobs.
The move intensifies competition with Microsoft and Google in India's tech sector. Amazon's $40 billion cumulative investment since 2010 now focuses on logistics upgrades and small business support, aligning with New Delhi's economic priorities.