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Amazon plans $12 billion Louisiana data center buildout
Yahoo Finance· 2026-02-23 19:42
Group 1 - Amazon plans to invest $12 billion in Louisiana to build data centers, which will create 540 full-time jobs and additional support jobs [1] - The company announced an expected $200 billion in capital expenditures for the year, a significant increase from $131 billion in 2025, leading to a 9.4% decline in its shares year to date [2] - Tech firms, including Amazon, are increasing their investments to meet the rising demand for AI software and infrastructure, with total commitments reaching at least $630 billion this year [3] Group 2 - Amazon will establish a $400 million fund to offset the environmental impacts of the Louisiana facilities, focusing on water infrastructure and ensuring water usage is limited to cooling and other needs [4] - The company will cover all costs associated with the Louisiana data centers and is collaborating with Southwestern Electric Power Company for necessary electrical infrastructure [4] - A spokesperson clarified that the $12 billion investment in Louisiana is part of a broader investment strategy that spans multiple years [5]