Amazon is financing a 960-megawatt nuclear power plant in Indiana, set to be operated by American Electric Power and using 12 small modular reactors from X-energy. Amazon will be the first customer to purchase power from the plant, which will be built on a former coal plant site near Terre Haute. This deal follows Amazon's significant investment in X-energy and aims to contribute to a planned 5 gigawatts of new nuclear capacity in the U.S. by 2039. The project depends on X-energy's progress with its first plant in Texas, which faces regulatory challenges but is nearing construction approval.
As of Oct 20, 2026 00:11 WIB, Amazon (AMZN) trades at USD 262.41, recovering strongly with a 4.96% gain, closer to its 52-week high of USD 284.02 than its low of USD 198.79. In contrast, American Electric Power (AEP), the operator of the planned nuclear plant, is down 1.64% at USD 125.06, nearer to its 52-week low of USD 113.70 than its high of USD 138.69. This shows a divergence in market sentiment between Amazon's consumer sector strength and AEP's utilities sector caution at the time of the announcement.
Microsoft's Azure and Amazon's AWS both showed strong growth in Q3, with Azure up 43% and AWS up 37%. Investors are focused on whether their heavy AI investments will translate into sustained revenue gains. Microsoft benefits from software like Micro...
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Massive investments exceeding $10 trillion in AI infrastructure are transforming markets, offering significant opportunities and systemic risks. Investors may find outsized returns in semiconductor, memory, storage, and networking suppliers over the ...
Amazon has introduced Big Dreams™, a new exclusive line of diapers and wipes developed with Kimberly-Clark, designed to provide premium comfort, reliable protection, and convenience for parents. The products feature hypoallergenic materials, all-day ...
