Amazon.com Inc (AMZN)

NYSE · Consumer Discretionary

Latest Move · 2026-02-24

+0.80%
Recovers modestly with broad market rebound after Monday's sector-driven selloff

Amazon stock rose 0.8% following the company's announcement of a $12 billion investment in Louisiana data center campuses. The facilities will be located in Caddo and Bossier Parishes in northwestern Louisiana and are designed to support artificial intelligence and cloud computing operations. Amazon expects to create 540 full-time jobs at the data centers and support approximately 1,700 additional roles. The company committed to fully funding infrastructure costs, including energy upgrades and up to $400 million in public water infrastructure investments. Amazon also plans to invest in solar energy projects generating up to 200 megawatts of carbon-free energy. This announcement comes as Amazon has committed to $200 billion in total capital expenditures for 2026, with most spending directed toward AI-related initiatives including data centers, chips, and networking equipment.

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Previous Move

-2.82%
Sinks with consumer discretionary sector as tariff reset and AI capex concerns weigh on retail names
2026-02-23

Frequently Asked Questions

Why did Amazon.com Inc stock move today?

Amazon stock rose 0.8% following the company's announcement of a $12 billion investment in Louisiana data center campuses. The facilities will be located in Caddo and Bossier Parishes in northwestern Louisiana and are designed to support artificial intelligence and cloud computing operations. Amazon expects to create 540 full-time jobs at the data centers and support approximately 1,700 additional roles. The company committed to fully funding infrastructure costs, including energy upgrades and up to $400 million in public water infrastructure investments. Amazon also plans to invest in solar energy projects generating up to 200 megawatts of carbon-free energy. This announcement comes as Amazon has committed to $200 billion in total capital expenditures for 2026, with most spending directed toward AI-related initiatives including data centers, chips, and networking equipment.

What does Amazon.com Inc do?

Amazon is the world's largest company by revenue — having surpassed Walmart with $717 billion in 2025 sales — and operates AWS, the leading cloud computing platform that generates the majority of its profits. The company announced a $12 billion Louisiana data center buildout on Monday, part of its controversial $200 billion AI capex plan for 2026 that triggered a historic selloff earlier this month and continues to divide Wall Street between bulls citing 30%+ AWS growth potential and bears flagging negative free cash flow risk. Today's modest gain tracked a broad market rebound rather than any company-specific development.

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