NASDAQ:CONE 8 July 2025 - 9 May 2026

Hyperscalers Double Down on Capacity: Cloud giants are racing to build new facilities worldwide to meet soaring AI and cloud demand. Amazon Web Services announced a $10 billion investment in North Carolina to develop an AI-focused data center campus, creating 500 jobs governor.nc.gov governor.nc.gov. “Amazon’s $10 billion investment in North Carolina underscores our commitment to driving innovation and advancing the future of cloud computing and AI,” said David Zapolsky, Amazon’s Chief Global Affairs Officer governor.nc.gov. AWS is also expanding globally – with plans for new data centers in Chile, New Zealand, Saudi Arabia, and Taiwan – as CEO Matt Garman confirmed the company’s “breakneck” expansion pace to support AI workloads datacenterknowledge.com. Similarly, Alibaba Cloud launched its second data center in South Korea in June 2025 to provide “more resilient and adaptable cloud environments…fostering AI innovation” amid surging local demand datacenterdynamics.com datacenterdynamics.com. The Chinese cloud provider’s CEO pledged $52.7 billion to build a unified global network, already adding a new region in Mexico and a second Thailand site this year datacenterdynamics.com.