Amazon shares rose 7% and Microsoft rose 6% after 10 Ohio towns banned large data centers, while CoreWeave fell 7%. Alphabet said it will invest $15 billion in Malaysia, including data centers. The article argues Amazon, Microsoft and Alphabet can build elsewhere, so local bans are unlikely to slow their AI spending; Amazon expects about $220 billion in capital spending this year and says its capacity is sold out through 2027. CoreWeave has less room to work around bans, and its interest expense more than doubled to $640 million in the second quarter. Analysts expect Amazon’s normalized EPS to nearly double from $7.17 in 2025 to $13.99 in 2028, and a statewide ban is the risk to watch.
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Related tickers and likely impact
AMZN
▲ Likely positiveAmazon
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.6T |
| Close on 11/03/2026 | 250.74 |
| Change that session | +2.08% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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