Amazon’s (AMZN) cloud division, Amazon Web Services, is expanding its global data center footprint with a $5 billion project in Mexico. More specifically, it will launch a new AWS Region in Querétaro. This move aims to provide businesses across the country with secure infrastructure as well as access to cutting-edge AI and machine learning technologies.
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AWS VP Prasad Kalyanaraman highlighted the company’s commitment to supporting digital transformation in the region, which will help the local workforce develop cloud skills and drive economic growth. AWS already serves several private and government clients in Mexico and has been investing in cloud skills development. Since launching a training initiative two years ago, over 138,000 individuals have gained cloud-related expertise.
The new Querétaro Region aims to foster local talent, create jobs, and align with President Claudia Sheinbaum’s goals of promoting digital inclusion and tech innovation. This announcement follows AWS’ recent $5 billion investment in Thailand and an $11 billion commitment to two data center projects in Georgia near Atlanta. AWS’ continued global expansion illustrates just how focused it is on meeting rising demand for reliable cloud services and supporting local economies.
Is Amazon Stock Expected to Rise?
Turning to Wall Street, analysts have a Strong Buy consensus rating on AMZN stock based on 48 Buys and one Hold assigned in the past three months, as indicated by the graphic below. After a 43% rally in its share price over the past year, the average AMZN price target of $250.67 per share implies 14.5% upside potential.
