Amazon Com - AMZN STOCK NEWS

Amazon (NASDAQ: AMZN) announced the expansion of eero's Wi-Fi 7 portfolio with two new products: the eero 7 and eero Pro 7. The eero 7, priced from $169.99, is their most affordable Wi-Fi 7 router, offering speeds up to 1.8 Gbps wireless and 2.3 Gbps wired, with coverage up to 2,000 square feet per unit.

The premium eero Pro 7, starting at $299.99, delivers enhanced performance with tri-band support and speeds up to 3.9 Gbps wireless and 4.7 Gbps wired. It can handle hundreds of devices and covers up to 2,000 square feet per unit. Both products feature TrueMesh technology, WPA3 security, and act as smart home hubs for Matter, Thread, and Zigbee devices.

The products will be available from February 26 in the US, UK, Italy, France, Germany, and Spain, with launches in Canada on March 26 and later in Australia and Japan.

Amazon (AMZN) reported strong Q4 2024 financial results with net sales increasing 10% to $187.8 billion. Operating income surged to $21.2 billion, up from $13.2 billion in Q4 2023. Net income doubled to $20.0 billion ($1.86 per share) from $10.6 billion ($1.00 per share) year-over-year.

Key segment performance showed North America sales up 10% to $115.6 billion, International sales growing 8% to $43.4 billion, and AWS sales increasing 19% to $28.8 billion. For full-year 2024, net sales grew 11% to $638.0 billion, with net income reaching $59.2 billion ($5.53 per share).

Operating cash flow increased 36% to $115.9 billion, while free cash flow rose to $38.2 billion. The company achieved record-breaking Black Friday Week sales and delivered at its fastest speeds ever for Prime members in 2024.

Amazon Web Services (AWS) and Booz Allen Hamilton (BAH) announced an expanded strategic partnership to enhance technology solutions for U.S. federal agencies. The collaboration aims to develop and market ready-made enterprise-level digital solutions in areas including cloud migration, cybersecurity, and generative AI.

The partnership will combine Booz Allen's technical expertise with AWS's cloud services to provide end-to-end capabilities for essential missions, from enhancing national security to modernizing IT infrastructure. Customers will have access to AWS Migration Acceleration Program benefits, including free proof-of-concept trials and AWS credits.

The companies have already demonstrated success through their work with U.S. Army Japan, providing end-to-end encryption of warfighter data using AWS Shield and Cloud Edge Global Access. Booz Allen, recently named AWS's Federal Government Partner of the Year, is the leading provider of AI and cybersecurity to the U.S. federal government.

Amazon (NASDAQ: AMZN) has announced it will host a conference call to discuss its fourth quarter 2024 financial results on Thursday, February 6, 2025, at 2:00 p.m. PT/5:00 p.m. ET. The event will be accessible via webcast, with both audio and presentation slides remaining available for a minimum of three months afterward on the company's investor relations website at www.amazon.com/ir.

Steel Dynamics (STLD) reported its fourth quarter and annual 2024 results, achieving net sales of $17.5 billion, operating income of $1.9 billion, and net income of $1.5 billion. The company reached its second-highest steel shipments at 12.7 million tons and generated adjusted EBITDA of $2.5 billion with cash flow from operations of $1.8 billion.

Fourth quarter 2024 performance showed net sales of $3.9 billion and net income of $207 million ($1.36 per diluted share), down from Q3 2024's $318 million ($2.05 per share) and Q4 2023's $424 million ($2.61 per share). The company maintained strong liquidity of $2.2 billion and completed share repurchases worth $1.2 billion, representing 6% of outstanding shares.

Notable developments include the successful launch of four new value-added flat rolled steel coating lines in early 2024 and the first aluminum casting at their Columbus facility in January 2025. The company expects positive market dynamics in 2025, supported by stable steel pricing and steady customer demand.

IMDb, the world's leading entertainment information platform, announced a significant leadership transition as it marks its 35th anniversary. Founder Col Needham has moved to the role of Executive Chair, while Nikki Santoro, who served as Chief Operating Officer since 2021, has been appointed as the new CEO - becoming the first woman to hold this position in the company's history.

In his new role, Needham will provide strategic guidance and serve as a global ambassador for IMDb, while continuing to be based in Bristol, England. Santoro, who joined IMDb in 2016, brings over two decades of experience in technology and product development, including positions at Amazon, Microsoft, and The Weather Channel.

Under Santoro's leadership, IMDb plans to focus on enhancing its core database, growing its advertising and IMDbPro membership services, and leveraging emerging technologies. The platform currently serves 250 million monthly visitors and will celebrate this transition with an industry dinner in Park City, Utah on January 27.

Amazon Web Services (AWS) has launched its new Mexico (Central) Region, planning to invest over $5 billion in Mexico over 15 years. The infrastructure expansion is expected to add approximately $10 billion to Mexico's GDP and support an average of more than 7,000 full-time equivalent jobs annually.

The new region consists of three Availability Zones, bringing AWS's global infrastructure to 114 Availability Zones across 36 geographic regions. AWS has also launched a $300,000 AWS InCommunities Fund in Queretaro to support local community projects.

The expansion will enable customers to store data securely in Mexico with lower latency. Major Mexican customers already using AWS include BBVA, FEMSA, Hospital Angeles, and various government institutions. AWS has trained over 500,000 individuals in Mexico since 2017 and aims to upskill an additional 200,000 in cloud and generative AI by 2026.

Amazon (AMZN) announced the expansion of its Buy with Prime service to Fossil.com, launching in February. This integration will allow Prime members to shop directly on Fossil.com while enjoying Prime benefits including fast, free delivery, easy returns, and 24/7 support. Fossil will offer its core styles through Buy with Prime, including watches, handbags, and jewelry.

Buy with Prime, launched in 2022, has demonstrated significant business impact for direct-to-consumer merchants, showing an average 16% increase in revenue per shopper. The service has helped reduce customer acquisition costs, with 50% of Prime members more likely to make repeat purchases from sites offering Prime benefits, and 95% of shoppers indicating they're likely to use the service again.

Amazon Ads announced at CES 2025 a new SQL generator for Amazon Marketing Cloud (AMC), powered by generative AI. This tool allows advertisers to create SQL queries using natural language, significantly reducing query development time from hours to minutes. The system enables advertisers to build custom audiences and activate them across Amazon's advertising platforms.

The SQL generator helps create targeted audiences by processing natural language requests, such as identifying customers who viewed product pages and streaming TV ads but haven't made purchases in the last 30 days. The tool provides step-by-step instructions and explanations for the generated queries.

This capability will be available to all AMC customers in early 2025, joining Amazon Ads' suite of AI tools, including creative generators for images, video, and audio, along with AI-driven campaign optimization features.