Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Best Data Center Stocks To Buy For the Long Term. The stock grew by 46.38% from last year, while it posted 11.56% growth year-to-date. The company continues to enter and expand existing partnerships, such as its agreement with utility company NiSource.
On April 16, NiSource announced that under the updated agreement with Amazon, it is accelerating the energization of Amazon sites and associated credits for residential customers. It added that residents will see the benefits of cost savings and site activation sooner, enabling them to take advantage of improved energy service and bill credits as part of NiSource’s commitment to delivering value through the GenCo model.
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Earlier this week, Amazon also announced that it has entered into a definitive merger agreement with Globalstar, Inc. for the acquisition of the latter, enabling Amazon Leo to add direct-to-device (D2D) services to its low Earth orbit satellite network and extend cellular coverage to customers beyond the reach of terrestrial networks.
In addition, Amazon and Apple announced an agreement for Amazon Leo to power satellite services for iPhone and Apple Watch, including Emergency SOS via satellite. The new capabilities are part of Amazon’s long-term vision for space-based connectivity, and Amazon plans to work with mobile network operators (MNOs) and additional partners to deliver on that vision and extend reliable, high-speed connectivity to customers, no matter where they are in the world.
Amazon CEO Andy Jassy emphasized that the company’s $200 billion capex for this year, which will be focused mainly on AI efforts, will not be invested on a hunch. In a letter to shareholders, he said:
“The recent OpenAI commitment (over$100billion) is an example of this, but there are several other customer agreements completed (and unannounced), or deep in process. Of the AWS capex we expect to spend in 2026,much of which will be monetized in 2027-2028, we already have customer commitments for a substantial portion of it.”
The Amazon CEO said AWS could be growing even faster, noting that it added 3.9 gigawatts (“GW”) of new power capacity in 2025, expects to double total power capacity by the end of 2027, and is monetizing that capacity as fast as it’s installed.
“In Q4 2025, AWS reported 24% YoY growth with a $142 billion revenue run rate. That’s a lot of absolute growth. And yet, we still have capacity constraints that yield unserved demand,” he added.
Meanwhile, the company also announced this week that its total planned investment in its Mississippi data centers has reached $25 billion, with 2,000 jobs expected.
Amazon’s planned expansion includes an additional $11 billion investment in Madison County and a $1 billion investment in Hinds County, where they are transforming the former Delphi manufacturing plant into a cutting-edge data center facility.
Amazon.com, Inc. (NASDAQ:AMZN) is a global technology company operating through multiple interconnected business units. While well-known as an online retailer, it is also a major player in cloud computing, digital streaming, and artificial intelligence.
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