Analysts reboot Amazon stock price targets on AWS, RTO updates
Ray Charles isn’t the only one with Georgia on his mind. Amazon (AMZN) is pretty fond of the place, too.
The Seattle-based company tech giant said on Jan. 7 that its Amazon Web Services plans to invest about $11 billion to expand its infrastructure in Georgia to support cloud computing and AI technologies.
Related: Analysts revamp Amazon stock price target after AWS AI update
“Generative AI is driving increased demand for advanced cloud infrastructure and compute power, and AWS’s investments will support the future of AI from data centers in Georgia,” the company said in a statement.
