Amazon Web Services (AMZN) Plans to Invest $35 Billion in Virginia by 2040 to Expand Data Center Campuses
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Amazon (AMZN) to face challenges as COVID-fueled growth normalizes
January 24, 2023 10:08 AM ESTTelsey Advisory Group reiterated an Outperform rating on Amazon.com (NASDAQ: AMZN) but cut the price target on the e-commerce company to $125.00 (From $140.00) ahead of its 4Q22 earnings release scheduled for Thursday, February 2nd.
Telsey reduced their 4Q22 and 2023 outlook on the company to reflect a more challenging consumer and corporate spending environment. The company is facing headwinds in the form of a normalizing... More
Amazon (AMZN) Web Services to invest $35bn in Virginia
January 20, 2023 2:21 PM ESTAmazon (NASDAQ: AMZN) Web Services plans to invest $35 billion in Virginia, the state's Governor, Glenn Youngkin, said Friday.
The tech giant will invest the money by 2040 to establish numerous data center campuses across Virginia, with various localities currently under consideration.
Amazon is already... More
