Stocks and Crypto Tick Up As Amazon Announces $50,000,000,000 AI Investment For US Government Customers
Crypto assets and stocks are moving higher, buoyed by a massive new artificial intelligence (AI) investment from Amazon.
On Monday morning, the tech giant announced it planned to sink $50 billion into AI and supercomputing capabilities for Amazon Web Services (AWS) US government customers.
Amazon plans to break ground on new data centers next year, with the total investment slated to provide 1.3 gigawatts of AI and supercomputing capacity across AWS Top Secret, AWS Secret, and AWS GovCloud (US) Regions.
AWS CEO Matt Garman says the investment is designed to “transform how federal agencies leverage supercomputing.”
“We’re giving agencies expanded access to advanced AI capabilities that will enable them to accelerate critical missions from cybersecurity to drug discovery. This investment removes the technology barriers that have held government back and further positions America to lead in the AI era.”
The stock market jumped on Monday, with the S&P 500 gaining more than 1.5% and the Nasdaq Composite surging by more than 2.5%. Amazon’s stock jumped 1.91%, though it is still down 1.43% in the past five days.
Digital assets also rebounded, with the overall crypto market cap ticking up 2.1% in the past 24 hours, per data from CoinGecko . Bitcoin ( BTC ) is up 1.61% and Ethereum ( ETH ) jumped by nearly 5%.
Generated Image: Midjourney
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Iceberg Phenomenon: Unseen Dangers of AI’s Labor Force Surface Across the Country
- MIT's Iceberg Index reveals AI could replace 11.7% of U.S. jobs ($1.2T in wages), impacting sectors like finance and healthcare beyond tech hubs. - The tool maps 151M workers across 923 occupations, highlighting hidden risks in routine roles (e.g., HR, logistics) versus visible tech layoffs. - States like Tennessee and Utah use the index for reskilling strategies, while C3.ai partners with Microsoft to expand enterprise AI solutions. - Despite C3.ai's market expansion, its stock faces volatility, reflect
Where Saving Animals and Supporting People Come Together: The Gentle Barn's Comprehensive Approach
- The Gentle Barn, a California-Tennessee sanctuary, merges animal rescue with human emotional healing through acupuncture, mobility aids, and therapeutic interactions. - Its volunteer programs and $75 season passes support financial sustainability while fostering compassion between humans and rescued animals like turkeys and hoofless goats. - The nonprofit's holistic model attracts attention as a case study in combining veterinary care with mental health initiatives, despite scalability challenges in nonp
XRP News Today: With Tether and USDC under examination, RLUSD from the UAE stands out as a regulatory-compliant stablecoin option.
- Ripple's RLUSD stablecoin received ADGM approval as a regulated fiat-referenced token in Abu Dhabi, enabling institutional use in payments and treasury management. - Pegged 1:1 to the USD with NYDFS oversight, RLUSD ($1.2B market cap) offers compliance-driven alternatives to USDT/USDC amid global regulatory scrutiny. - UAE's ADGM-DIFC regulatory framework positions the region as a crypto innovation hub, with Ripple expanding partnerships through Zand Bank and Mamo fintech . - The approval aligns with UAE
ZK Atlas Enhancement: Driving Institutional Embrace Amid the Blockchain Scalability Competition
- ZKsync's Atlas Upgrade solves throughput bottlenecks with Airbender RISC-V zkVM, enabling 15,000+ TPS at $0.0001 per transaction. - Modular ZKsync OS reduces gas fees by 70% since 2023, enabling real-time financial applications while maintaining regulatory compliance. - Deutsche Bank and UBS test ZKsync for asset tokenization, highlighting its institutional appeal through privacy-preserving ZK features and sub-second finality. - Upcoming Fusaka upgrade aims to push TPS to 30,000 by December 2025, but reg
Trending news
MoreCrypto prices
More
