Hamna Asim
2 min read
In This Article:
Amazon.com, Inc. (NASDAQ:AMZN) is one of the best wide moat stocks to buy now. Amazon.com, Inc. (NASDAQ:AMZN) announced on June 9 that it aims to inject at least $20 billion in Pennsylvania for the expansion of data center infrastructure, building on its substantial AI investment strategy that already amounts to billions of dollars.
This highlights the undertaking of Big Tech to invest heavy sums to support the rise of generative AI, with the largest companies around the globe rushing to build the best AI models and cloud services.
Amazon’s Pennsylvania investment comes on the heels of its $10 billion North Carolina and $5 billion Taiwan cloud infrastructure investment plans less than a week ago. The Pennsylvania investment can potentially create 1,250 high-skilled jobs and support thousands more via the AWS data center supply chain.
Zapp2Photo/Shutterstock.com
According to Amazon.com, Inc. (NASDAQ:AMZN), Salem Township and Falls Township are the initial communities that could potentially be sites for future campuses. Amazon’s Q1 capital spending equaled nearly $25 billion, and this level of spending is projected for the rest of 2025 as well.
Amazon did not provide a specific timeline for this investment, and the company did not immediately clarify whether the $20 billion was part of its prior capital spending strategies.
The tech giant operates across North America, International, and AWS segments, with a diversified portfolio consisting of e-commerce, subscription services, cloud computing, and digital advertising.
While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
