Amazon Pledges $20 Billion for Pennsylvania Data Centers
Amazon (NASDAQ:AMZN) is set to pour $20 billion into Pennsylvania for new AWS data-center campuses, fueling its AI and cloud ambitions while creating over 1,250 high-skilled jobs.
Warning! GuruFocus has detected 2 Warning Sign with AMZN.
The first two innovation hubs will rise in Luzerne and Bucks countiesSalem and Falls townships respectivelywith additional sites under review, Governor Josh Shapiro said. Since 2010, Amazon has plowed more than $26 billion into Pennsylvania infrastructure and payroll, generating 27,000 direct jobs.
This latest boost will also support thousands of roles across the AWS data-center supply chain and is paired with a $250,000 Amazon Northeastern Pennsylvania Community Fund for STEM, sustainability, digital skills, culture and health grants.
One Luzerne facility sits alongside the Susquehanna nuclear plant owned by Talen Energy; Amazon's $650 million purchase of that site to tap up to 960 MW has drawn FERC scrutiny over grid-fairness and power allocation issuesthe first such case before the commission.
Amazon and Talen must address concerns that shifting power to data centers could disadvantage other consumers and skirt grid-use fees. Amazon didn't immediately comment on FERC's review.
Tech peers like Microsoft (NASDAQ:MSFT) and Meta (NASDAQ:META) are also investing billions in AI-ready data centers, but Amazon's Pennsylvania commitment stands out for its scale and local job impact.
Why It Matters: Amazon's massive spend underscores the critical role of hyperscale data centers in supporting AI growth and confirms Pennsylvania's emergence as a cloud-computing hub.
This article first appeared on GuruFocus.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
15 minutes ago
- Bloomberg
Academic Publishers Sign AI Deals as Trump Cuts Research Funding
Academic publishers are rushing to sign licensing deals with artificial intelligence companies, carving out a new revenue stream as US research funding cuts dim their outlook. Informa Plc 's Taylor & Francis signed a $10 million deal with Microsoft Corp. last year to provide the tech giant access to part of its library to train large language models, or LLMs. Bloomsbury Publishing Plc is looking to 'monetize academic content through AI deals,' it said in its latest set of results, while John Wiley & Sons Inc. announced partnerships with Amazon Web Services and Perplexity earlier this year.
Time Business News
20 minutes ago
- Time Business News
Corrado Garibaldi: The Contrarian Trader Who Profits When Others Panic
In the high-stakes world of Trading Invest Celebrity Italy, where herd mentality often leads to costly mistakes, one investor has built his success on a simple but ruthless principle: When others zig, zag. Corrado Garibaldi—better known in finance circles as Lord Conrad—has carved a reputation as a maverick trader who thrives on going against the grain. His mantra? 'Buy the fear. Sell the euphoria.' The Unconventional Path to Trading Mastery Unlike Wall Street's typical Ivy League-educated financiers, Garibaldi is a self-made trader with no formal finance background. An Italian native, he entered the markets out of necessity, driven by a desire to take control of his financial future. 'I never studied economics or attended business school,' he admits. 'I learned by doing—making mistakes, refining strategies, and realizing that most people lose money because they follow the crowd.' The Contrarian Edge: Why 99.9999% of Traders Are Wrong Garibaldi's core philosophy is rooted in contrarian investing—a strategy that capitalizes on market overreactions. 'When everyone is buying, I'm selling. When panic sets in, I'm buying,' he says. 'The masses are almost always wrong at extremes. That's where the real opportunities lie.' This approach has allowed him to profit from major market swings, whether during the crypto crashes of 2022 or the AI stock frenzy of 2024. Two Sides of the Same Coin: Trader by Day, Investor by Night Garibaldi operates in two distinct modes: As a trader, he's a speed-focused tactician, scalping the Nasdaq and executing swing trades with military precision. As an investor, he's a patient wealth-builder, holding long-term positions in giants like Apple, Microsoft, and Tesla while diversifying into bonds and crypto. His portfolio strategy? 99% long-term holdings, 1% high-octane trading—a balance that maximizes growth while keeping risk in check. The Trader's Mindset: Why Psychology Beats IQ For Garibaldi, trading isn't just about charts—it's about mastering fear and greed. 'Most traders fail because they let emotions drive decisions,' he says. 'The key is to stay mechanical. Follow the plan, not the panic.' He enforces strict rules: ✔ Never risk more than 1% on a single trade ✔ Always use stop-losses ✔ Ignore hype—trade the data, not the narrative 2025 and Beyond: Adapt or Die In an era of AI-driven markets and geopolitical volatility, Garibaldi remains agile—constantly refining strategies and engaging with traders worldwide via social media. 'Markets change. If you're not learning, you're losing,' he warns. Final Word: The Slow Road to Trading Success For aspiring traders, Garibaldi's advice is refreshingly honest: 'This isn't a get-rich-quick game. Consistency beats luck. Small, smart gains compound over time—that's how real wealth is built.' Want to see his strategies in action? Visit Trading Invest Celebrity Italy. TIME BUSINESS NEWS
Yahoo
30 minutes ago
- Yahoo
Virtu Financial Announces Strategic TradeOPS Collaboration, Welcoming First Joint Client
STOCKHOLM and NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a global leader in trading and execution services, and Limina, a leading provider of cloud-native Investment Management Solutions, are proud to announce a strategic collaboration around Virtu's TradeOPS platform. Virtu's TradeOPS is a streamlined, consolidated platform that covers clients' matching, settlements and payment requirements. Designed and built specifically to automate post-trade workflows, including allocation matching and settlements, exception-based processing in TradeOPS is designed to significantly reduce settlement delays, financial penalties, and workload for buyside firms. Combined with Limina's cloud-native Order and Portfolio Management System (O/PMS), this collaboration enables buyside firms to access a fully-integrated, front-to-back workflow—seamlessly and efficiently. The collaboration has welcomed its first joint client, Cliens, who is now benefiting from Virtu's TradeOPS capabilities using DTCC-CTM via Limina's platform. 'We're excited to work with Limina to deliver an integrated and modern workflow for our TradeOPS clients,' said Pegah Esmaeili, Head of Nordic Region at Virtu. 'This integration supports our mission to deliver scalable, outsourced trading solutions by collaborating with innovative local firms like Limina—allowing us to efficiently extend our market-leading products to clients across the region.' Prem Balasubramanian, Head of Virtu's TradeOPS platform highlighted that recent changes in post-trade settlement, such as the shift to T+1 and the migration from SWIFT MT to MX, have introduced new operational challenges for buyside firms. 'By providing streamlined and effective solutions tailored to clients' needs, we can significantly reduce the operational burden and allow firms to refocus on what truly matters: managing investments and driving performance.' Prem also added, 'Working with Limina is a pleasure. The turnaround has been impressively fast, and we're looking forward to continued collaboration ahead.' "This partnership was an obvious choice to further strengthen the integration capabilities of Limina's Order Management System, not only to DTCC CTM but to all venues that tie into Virtu TradeOPS including SWIFT and more," says Kristoffer Fürst, CEO of Limina. 'The integrated solution that Virtu and Limina offer Cliens helps us extend our straight-through process, giving time to more productive tasks which adds value to our customer,' says Martin Öqvist, CEO of Cliens. About Virtu Financial, is a leading financial services firm that leverages cutting-edge technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu's product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu's integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets. About LiminaLimina's modern Investment Management Platform helps investment managers increase productivity, decrease cost and manage operational risks through a unified platform spanning the entire investment lifecycle. Founded in 2014, and headquartered in Sweden, Limina serves a growing global client base of institutional asset managers, asset owners and hedge funds with our award-winning cloud-native SaaS offering. About CliensCliens is a Swedish active fund manager focusing on delivering long-term high returns. Our funds and discretionary mandates vary from equity to fixed income and investments are made in Swedish all caps as well as Nordic and Global small caps. Contact: Investor Relations and Media RelationsAndrew Smithmedia@ in to access your portfolio
