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Alstom Opens $75M New York Plant, Reshores US Rail Car Manufacturing

On June 2, Alstom (OTC:ALSMY) officially opened its new $75 million Plant 4 manufacturing facility in Hornell, New York. The 135,000 square-foot facility is one of the few in the US capable of producing stainless steel car body shells for passenger rail vehicles. The investment enables Alstom to reshore production of these car body shells to the US from Brazil, which is crucial for complying with the Buy America Act’s requirement for at least 70% US content in rail cars.

A slow moving freight train, revealing the importance of railway equipment.

The new plant will immediately begin production of 200 multilevel commuter rail cars for Metra, which is Chicago’s commuter rail system, a $740 million order. The facility also provides additional capacity and manufacturing capabilities for other Alstom projects, which include multilevel rail cars for New Jersey Transit, an automated people mover system at Los Angeles International Airport, and Amtrak’s new Acela train sets for the Northeast Corridor.

The expansion is expected to create 258 new jobs, which includes in high-tech fields like mechatronics engineering and robotics, and retain 390 existing jobs. The project was supported by various federal, state, & local grants and tax credit programs, including $3.4 million in federal funding secured by Senator Chuck Schumer. The new facility solidifies Hornell’s status as the largest passenger train manufacturing site in the country.

Alstom (OTC:ALSMY) provides solutions for the rail transport industry in Europe, the Americas, Asia & the Pacific, the Middle East, Central Asia, and Africa.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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