April 12, 2021
When peeling back the layers of U.S. president Biden’s infrastructure plan, one of the key components is shoring up internet access to all Americans. This facet can help bolster cloud computing services and the
The obvious benefactor of Biden’s plan is infrastructure that will help modernize highways. However, one key component is providing internet access to those in hard-to-reach pockets of the country.
One of CLOU’s holdings, Amazon, stands to benefit from the Biden proposal. As such, it got the backing of founder Jeff Bezos in a statement that supported the president’s initiatives.
“Expanding broadband infrastructure is also a key focus of the plan, which says that by one definition there are 30 million Americans living in areas where broadband isn’t available to provide internet access at minimally acceptable speeds,” a Motley Fool article explained. “Those are all potential Amazon customers, not just for e-commerce, but also video streaming
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