Amazon Expands Louisiana Presence with $18 Billion Investment

Amazon has increased its planned investment in northwest Louisiana to $18 billion from $12 billion. The expansion includes a third data center campus in Shreveport, which is expected to create up to 750 full-time Amazon data center jobs and support 2,500 additional positions.

The company will also invest up to $400 million in public water infrastructure and cover the energy infrastructure and grid upgrades needed for its data centers, protecting local ratepayers from those costs. Since 2010, Amazon has invested more than $6 billion in Louisiana.

Amazon's stock was up 0.15% at $261.69 on Tuesday, despite a broader market selloff. The Consumer Discretionary sector gained about 0.6%, while the Technology stocks fell 2.56%. The company remains near the upper half of its 52-week range and has continued to support the stock during broader market weakness.

Amazon's technical analysis shows that it trades above key moving averages, with a relative strength index of 52.91, indicating a neutral reading. Traders may watch $287 as resistance, while $226 could serve as support.