Is Amazon.com (AMZN) One of the Best Blue Chip Stocks to Buy Now?

Amazon.com, Inc. (NASDAQ:AMZN) is included among the 15 Best Blue Chip Stocks to Buy Now.

Is Amazon.com (AMZN) One of the Best Blue Chip Stocks to Buy Now?

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Amazon.com, Inc. (NASDAQ:AMZN) provides a broad selection, value, and convenience across a range of customer experiences, including online shopping, cloud computing, streaming entertainment, consumer electronic devices, advertising, healthcare, AI services, and more.

On April 9, Amazon.com, Inc. (NASDAQ:AMZN) announced plans to expand its data center footprint in Mississippi, bringing its investment in the state to $25 billion. The expansion includes an additional $11 billion investment in Madison County and a $1 billion investment to convert a former Delphi manufacturing plant to a data center facility in Hinds County.

The development comes after Amazon.com, Inc. (NASDAQ:AMZN) broke ground on its first data center in Madison County in 2024, followed by a $3 billion planned investment in Warren County. According to the company, the latest expansion will create over 2,000 jobs in the Magnolia State, providing a boost to the local economy and workforce.

David Zapolsky, Chief Global Affairs and Legal Officer at Amazon.com, Inc. (NASDAQ:AMZN), commented:

“Amazon’s $25 billion investment in Mississippi to build data centers will create 2,000 high-skilled jobs and bring new energy generation to the grid. We’re covering all our energy expenses, increasing our investment in Madison County, expanding into Warren County, and transforming a former manufacturing plant in Hinds County—producing reliable infrastructure that will serve Mississippi for generations. Governor Reeves and local leaders have been outstanding partners, and we’re just getting started.”

Amazon.com, Inc. (NASDAQ:AMZN) is targeting to spend about $200 billion in capital expenditures in FY 2026, with a big portion of it invested in AWS, given the high demand.

While we acknowledge the risk and potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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