American Tower Boosts Data Power: New 400G AWS Connections To Fuel AI And Big Data At Key US Data Centers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
0mins
Should l Buy AMZN?
Source: Benzinga
CoreSite Expansion and AWS Partnership: American Tower's subsidiary, CoreSite, announced the launch of AWS Direct Connect's 400 Gbps Dedicated Connections at select U.S. locations, including an upcoming expansion of its Silicon Valley campus with a new data center expected to be completed by late 2024.
Financial Performance and Stock Update: American Tower reported a 4.6% revenue growth in Q2 2024, with AFFO per share increasing by 9.8%. However, AMT shares are currently down 0.74%, trading at $230.17.
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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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- Index Performance: Japan's Nikkei 225 index is showing signs of decline after hitting a record high, with futures indicating a cautious outlook that may affect investor confidence moving forward.
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- Debt Financing: The company raised $8.5 billion in new debt in Q1, securing over $20 billion in debt and equity this year, reflecting its significant funding needs for data center development.
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