Amazon Bets Big on AI Future With $10B Investment in North Carolina
June 5 - Amazon 
AMZN is planning to invest roughly $10 billion in North Carolina to scale up its cloud infrastructure and support artificial intelligence development.
The project is expected to bring at least 500 high-skilled jobs to the state. Roles will include data centre engineers, network specialists, security experts, and operations managers. The initiative is also likely to support indirect employment in construction and the data centre supply chain.
Governor Josh Stein said the investment positions North Carolina at the forefront of AI and tech growth, highlighting the state's appeal to leading firms.
The move adds to Amazon's growing presence in the region. The company recently opened a same-day delivery site in Kannapolis and has plans to launch last-mile facilities in Jacksonville, Mount Airy, Southern Pines, and Tarboro. The Kannapolis site alone is expected to support over 100 full-time roles.
Separately, reports suggest Amazon is testing humanoid robots for potential use in deliveries. A testing site has been set up at its San Francisco office. The firm has not yet responded to those reports.
Is AMZN Stock a Buy Now?
Based on the one year price targets offered by 67 analysts, the average target price for Amazon.com Inc is $240.81 with a high estimate of $305.00 and a low estimate of $195.00. The average target implies a upside of +16.20% from the current price of $207.23.
Based on GuruFocus estimates, the estimated GF Value for Amazon.com Inc in one year is $187.83, suggesting a downside of -9.36% from the current price of $207.23.