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: 208.730
Low
175.00
Averages
280.01
High
325.00
Current: 208.730
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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- Future Outlook: Analysts project Amazon's revenue and EPS to grow at CAGRs of 12% and 18% from 2025 to 2028, and if the stock trades at a 25 P/E ratio by 2028, it could rise 40% over the next two years, highlighting its long-term investment potential.
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- Sales Growth: In 2025, Amazon's net sales increased by 12%, up from 11% in 2024, indicating resilience in its e-commerce business despite stock price declines, which may attract more investor interest moving forward.
- Cloud Business Performance: Amazon Web Services (AWS) is growing significantly faster than its e-commerce segment, driven by the expanding AI market that encourages more companies to invest in cloud infrastructure, thereby enhancing Amazon's profitability and market competitiveness.
- Investment Impact: Amazon plans to invest up to $200 billion in its cloud and AI infrastructure, a substantial investment that may pressure stock prices in the short term but is expected to strengthen its market position and profitability in the long run.
- Future Outlook: Analysts project Amazon's revenue and EPS to grow at CAGRs of 12% and 18% from 2025 to 2028, and if the stock trades at a 25 P/E ratio by 2028, it could rise 40% over the next two years, highlighting its long-term investment potential.
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Acquisition Announcement: Amazon has announced the acquisition of the George Washington University Virginia campus for $427 million.
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See More
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- Job Creation: This investment is expected to support approximately 29,900 full-time jobs, with 6,700 positions directly created by Amazon, directly boosting local economic growth and enhancing community employment levels.
- Infrastructure Development: The new investment will support the development of Amazon Web Services (AWS) in the Aragón region of Spain, strengthening local digital infrastructure and enabling businesses and organizations to innovate and grow in cloud computing and AI.
- Sustainability Commitment: Amazon stated that this investment focuses not only on economic benefits but also on promoting water stewardship and carbon-free energy projects, reflecting the company's strategic goals in environmental sustainability.
See More
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- Small Layoff Scale: Amazon has reportedly laid off a 'relatively small number' of employees in its robotics division this week, although specific numbers were not disclosed; this move is part of the company's broader cost-cutting strategy, indicating a continued focus on robotics technology during restructuring.
- Historical Layoff Context: This layoff marks Amazon's third major round of layoffs since the COVID-19 pandemic, following the reduction of approximately 27,000 workers in 2022, with a current goal of trimming 30,000 positions, reflecting strategic adjustments in light of the rise of artificial intelligence.
- Employee Count Impact: As of the end of 2025, Amazon had 1.58 million employees, meaning the layoffs affect a relatively small portion of the overall workforce, primarily in the robotics sector, while the majority of employees remain in fulfillment centers and warehouses, ensuring core business stability.
- Capital Expenditure Outlook: Despite the layoffs, Amazon expects capital expenditures to reach $200 billion by 2026, indicating that its investment plans in AI data centers remain unaffected, aiming to drive long-term growth through technological innovation.
See More
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- Earnings Beat: Nvidia's latest earnings report revealed record revenue for both the quarter and the year, with sustained high demand allowing the company to maintain a gross margin in the mid-70% range, reinforcing its strong leadership position in the AI chip market and enhancing its influence in the tech sector.
- Industry Impact: As the leader in AI chips, Nvidia's performance not only benefits itself but also drives demand for cloud service providers and other related products, creating a positive feedback loop that promotes growth across the entire AI industry chain.
- Investment Opportunity: With Nvidia's stock price currently down, investors have a solid entry point, especially given the strong earnings momentum, which has attracted increased attention from investors towards its stock and related ETFs.
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- Optimistic Market Outlook: Nvidia maintains a strong gross margin above 70%, indicating robust profitability, and with the upcoming release of the new Rubin chip, the company is poised for continued growth momentum.
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