América Móvil stock expands Claro cloud push in Argentina

Published on 10/07/2026 at 16:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

América Móvil stock links Claro with Oracle for a December cloud launch in Argentina offering 200 services. Second-quarter revenue rose 3.1 percent to MXN 241 billion.

AMX, US02390A1016, Illustration mit AI erstellt.

América Móvil (US02390A1016) was trading at USD 22.30 on the NYSE on October 7, 2026 at 10:47 a.m. ET, down 0.29 percent from the prior close. The company has tied its Claro business to Oracle for a sovereign cloud region in Argentina, giving the stock a fresh growth angle beyond mobile and broadband.

Claro targets a December launch

According to El Fondo on October 6, 2026, Claro and Oracle plan to launch the Argentine sovereign cloud region in December 2026. The platform is intended to offer 200 cloud infrastructure and artificial intelligence services hosted locally.

The announcement matters because it extends América Móvil's addressable business into enterprise infrastructure and digital services. The Argentine cloud market was valued at USD 1.7 billion in 2025, while the company is also building on a Colombian data-center rollout that reached 500 clients in its first year, according to El Fondo.

Q2 profit grew faster than sales

América Móvil reported second-quarter 2026 revenue of MXN 241 billion, up 3.1 percent from the year-earlier quarter, while service revenue increased 3.4 percent and EBITDA rose 3.8 percent, according to Yahoo Finance. Net income rose 9.2 percent to MXN 24 billion, showing that earnings expanded faster than reported revenue.

Management also described a competitive risk in Brazil. During the Q2 call, executives said Vivo and TIM had become more aggressive with promotions, while fixed-line revenue in Brazil had improved to 4.1 percent growth, according to Yahoo Finance.

Analysts see room above USD 22.30

MarketBeat lists a Moderate Buy consensus based on 9 analysts, with 1 strong buy, 4 buy and 4 hold ratings. Its average price target is USD 29.52, while the high target is USD 35.00 and the low target is USD 20.80. The average price target lies 32.4 percent above the USD 22.30 price.

That valuation leaves the cloud announcement competing with a more immediate earnings question: whether growth in fixed-line services and enterprise offerings can offset promotional pressure in mobile markets. The next reported quarter will also show whether the December cloud launch remains an operating contribution for 2026 or mainly a strategic investment for later periods.

AMX remains below its yearly high

At USD 22.30 on October 7, 2026, AMX stood inside its 52-week range of USD 19.70 to USD 28.46. The market capitalization was USD 66.9 billion, and volume was 220,768 shares at the same timestamp.