Source: CNBC
Summary
Amazon’s data center spending continues to rise, with the company investing heavily in its Amazon Web Services (AWS) infrastructure. According to Amazon’s latest earnings report, the company’s capital expenditures for 2022 reached $57.8 billion, with a significant portion going towards building new data centers. Despite this, investors remain optimistic about the company’s prospects, with Amazon’s stock price remaining relatively stable.
Our Reading
The announcement sounds ambitious. Amazon’s data center spending spree continues, with the company pouring billions into its AWS infrastructure. Because what’s a few billion dollars when you’re trying to own the cloud? This is just another chapter in the never-ending story of “we need more servers.” Amazon’s investors are apparently okay with this, probably because they’re too busy counting their profits to worry about the details. The company’s capital expenditures for 2022 were a whopping $57.8 billion – just another day in the life of a tech giant.
Author: Evan Null
