Google Breaks Ground On $600 Million Tennessee Data Center And 9 More States – CWEB.com

google-1618520_960_720Google Breaks Ground On $600 Million Tennessee Data Center And 9 More States – CWEB.com

Google (NASDAQ:GOOGL) is investing money into 10 states across the country and hiring thousands of new employees, CEO Sundar Pichai will announce in Clarksville, Tennessee.

The Tennessee center is part of a $2.5 billion investment that includes new and expanding data centers in Alabama, Oregon, Virginia and Oklahoma.

CEO Sundar Pichai described Alphabet’s plans to expand its footprint outside the Bay Area during the company’s Q4 earnings call, but today released new information as to where its new offices and data centers will be located.

The internet giant Google will invest $2.5 billion over the next few years to open or expand data centers in Alabama, Oregon, Tennessee, Virginia and Oklahoma, and is constructing new offices or expanding existing ones in nine states: California, Colorado, Illinois, Massachusetts, Michigan, New York, Pennsylvania, Texas, Washington.

The company estimates that about 2000 more jobs will be created due to this expansion.

Alphabet’s nearly $70bn in overseas cash will incur a likely tax bill of $10bn.

Google’s stock has increased 41% over the last year and 208% over the last five years, but there’s still room for growth.

CWEB Analyst have initiated a Buy rating (NASDAQ:GOOGL) and a Price Target of $1800 within 12 months.

Read Full Article and Videos CWEB.com – Trending News, Blog, Shopping

Chart
GOOGL data by YCharts

Follow us on Google news for more updates and News










PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer


>