After Nvidia and Apple, Alibaba Chases Vietnam: New Data Center to Boost Control and Meet Local Laws
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2024
0mins
Should l Buy AMZN?
Source: Benzinga
- Alibaba Plans Data Center in Vietnam: Alibaba Group plans to build a data center in Vietnam to comply with local data storage laws and meet growing demand in the country.
- Tech Companies' Response to Vietnam's Data Storage Law: Major tech firms like Google and Amazon resisted Vietnam's law mandating data storage within the country.
- Alibaba's Data Storage Strategy: Alibaba uses colocation services from Vietnamese state-owned companies for local data storage while maintaining backups in other regions.
- Supply Chain Diversification in Vietnam: Companies like Nvidia, Apple, and Lam Research are looking to diversify their supply chain by investing in Vietnam amid US-China tensions.
- Stock Performance and Investment Options: Alibaba stock has declined, but investors can access it through ETFs like Invesco Golden Dragon China ETF and Tidal Trust II CoreValues Alpha Greater China Growth ETF.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 274.990
Low
175.00
Averages
280.01
High
325.00
Current: 274.990
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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