Amazon Invests $10B in North Carolina Data Centers to Fuel AI Expansion

Amazon (AMZN) is doubling down on its artificial intelligence ambitions with a $10 billion investment in North Carolina data centers, creating 500 jobs. The MOVE underscores the company's aggressive push into AI-driven cloud infrastructure, with AWS positioned to meet surging demand for generative AI compute power.

The e-commerce giant has allocated up to $100 billion for capital expenditures this year, primarily targeting AI initiatives. This strategic focus has cemented Amazon's status as a dominant player among the Magnificent 7 tech stocks, combining Core retail strength with cutting-edge technological diversification.

Bank of America analysts highlight Amazon's robotic advancements since its 2012 Kiva acquisition, including twelve automated fulfillment centers and eight new robot models deployed last year. These AI-powered systems have contributed to a 10.08% revenue growth over the past twelve months, demonstrating the tangible business impact of Amazon's automation investments.