American Tower Corporation ( AMT ) shares are trading lower today. On Tuesday, American Tower’s subsidiary CoreSite announced that Amazon Web Services (AWS) Direct Connect has launched native 400 Gbps (400G) Dedicated Connections at four select locations in the U.S.

The locations include CoreSite’s data center campuses in Silicon Valley and Northern Virginia.

CoreSite’s Silicon Valley campus will soon expand with the 240,000-square-foot SV9 data center, which is expected to be completed in the fourth quarter of 2024.

This addition will bring the campus to nine interconnected facilities with a total of 1.179 million square feet.

SV9, certified under the NVIDIA DGX-Ready Data Center program, will be an ideal site for deploying AI-powered 400G solutions.

These sites are ideal for deploying demanding hybrid applications due to their proximity to AWS availability zones, ensuring exceptional network performance and low latency for customers.

Juan Font, President and CEO of CoreSite, SVP of American Tower ( AMT ) said, “The new 400G Direct Connect from AWS is particularly beneficial to customer applications that transfer large-scale datasets for large language model training and real-time applications like advanced driver assistance systems.”

In July, American Tower ( AMT ) reported that second-quarter revenue grew 4.6% to $2.90 billion, beating estimates, and AFFO per share increased 9.8% to $2.79, surpassing consensus.

American Tower plans to announce its third quarter 2024 results on Tuesday, October 29, 2024. 

Investors can gain exposure to the stock via Pacer Data & Infrastructure Real Estate ETF and Global X Data Center & Digital Infrastructure ETF .

Price Action: AMT shares are down 0.74% at $230.17 at the last check Thursday.

Read Next:

Taiwan Semiconductor, American Tower ( AMT ), Trane Technologies And A Health Care Stock On CNBC’s ‘Final Trades’