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In the last 52 weeks, the price action in Amazon (AMZN) stock has been volatile, with the stock remaining largely sideways. A major reason for the markets being skeptical is the massive capital expenditure plan related to global data centers.
Last year, McKinsey estimated that by 2030, “data centers are projected to require $6.7 trillion worldwide to keep pace with the demand for compute power.” With Amazon being among the top four hyperscalers, the investment is likely to remain elevated through 2030.
