Amazon Ups Louisiana Investment to $18 Billion, Expands Data Center Presence

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.

Additionally, the company will 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.

The stock remains near the upper half of its 52-week range, with a relative strength index standing at 52.91. This neutral reading suggests that the stock is neither overbought nor oversold. Analysts are optimistic about the stock's performance, with an average price forecast of $331.48 across 50 analysts.