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Amazon.Com Inc - AMZN STOCK NEWS

Welcome to our dedicated page for Amazon.Com news (Ticker: AMZN), a resource for investors and traders seeking the latest updates and insights on Amazon.Com stock.

Amazon.com, Inc. (NASDAQ: AMZN) is a leading multinational technology company based in the United States, renowned for its expansive e-commerce platform, robust cloud computing services, advanced artificial intelligence capabilities, digital streaming services, and online advertising. Founded in 1994 by Jeff Bezos, Amazon has grown into the world’s largest online retailer and marketplace for third-party sellers, with retail-related revenue contributing approximately 75% of its total income. International sales, particularly from Germany, the United Kingdom, and Japan, make up 25% to 30% of non-AWS sales.

Amazon Web Services (AWS), a pivotal segment contributing around 15% to its revenue, provides cloud computing, storage, and database solutions, and is integral to numerous enterprise operations worldwide. AWS has recently announced several innovative capabilities, including the addition of new models and features to Amazon Bedrock, enhancing generative AI applications. Amazon also extends its focus on artificial intelligence with the launch of Amazon Q Developer and Business, aimed at improving coding accuracy and leveraging enterprise data, respectively.

In e-commerce, Amazon continuously innovates to improve customer experience, such as its recently introduced grocery delivery subscription for Prime members, which offers unlimited grocery deliveries from Amazon Fresh, Whole Foods Market, and other local stores. The company also recently announced a significant partnership extension with Whole Foods Market, ensuring a continued supply chain relationship through 2032. Additionally, Amazon has expanded its entertainment footprint, offering a broad range of original content through Amazon Studios and streaming exclusive sports events on Prime Video.

The company’s commitment to operational excellence is reflected in its latest financial results for Q1 2024, with net sales increasing by 13% year-over-year to $143.3 billion and operating income reaching $15.3 billion, significantly up from $4.8 billion in the previous year. Amazon’s strategic investments in infrastructure, such as new AWS regions and data centers, further underscore its dedication to growth and innovation. Guided by principles like customer obsession and long-term thinking, Amazon continuously seeks to enhance its diverse portfolio of products and services to meet evolving customer needs globally.

News

Kärcher Migrates SAP Environments to AWS

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Amazon Web Services, Inc. (AWS) announces that Kärcher (NASDAQ: AMZN) will move its SAP workloads to AWS to develop smart cleaning devices, autonomous cleaning robots, and cleaning as a service solutions. Kärcher is migrating its entire SAP environment to AWS, including ERP applications, HCM, and SCM, to apply AWS’s cloud technologies, IoT, analytics, and ML to drive efficiencies across its operations in 80 countries, saving 20% in operating costs. The full SAP migration will help Kärcher advance its cleaning as a service strategy, incorporating equipment rental with remote customer support and technical on-site support when required. Kärcher is developing ML models to enable smart cleaning devices, such as the Kira B50, to map physical areas and layouts of floors and windows for autonomous cleaning. Kärcher is leveraging AWS technologies to push the boundaries of innovation in cleaning, including launching voice-controlled cleaning equipment using Amazon Alexa and using AWS IoT Core to automate floor cleaning in commercial buildings.
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AWS Introduces Amazon One Enterprise

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Amazon Web Services, Inc. (AWS) introduces Amazon One Enterprise, a palm-based identity service for organizations, enhancing security and reducing operational costs. Boon Edam, IHG Hotels and Resorts, Paznic, and KONE are among the customers and partners using this new service. (NASDAQ: AMZN)
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AWS Announces Three Serverless Innovations to Help Customers Analyze and Manage Data at Any Scale

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Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), announced three new serverless innovations at AWS re:Invent. These include Amazon Aurora Limitless Database, Amazon ElastiCache Serverless, and Amazon Redshift Serverless. These innovations aim to make it faster and easier for customers to scale their data infrastructure to support their most demanding use cases. The new capabilities automatically scale to millions of write transactions per second, manage petabytes of data, and use AI to predict workloads and automatically scale and optimize to meet price-performance targets. Customers and partners such as Genesys, MIO Partners, Peloton, Quantiphi, and Tuya Smart are already using these new serverless innovations.
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Salesforce and AWS Expand Partnership for Customers to More Easily Build Trusted AI Apps, Deliver Seamless CRM Experiences, and Bring Salesforce Products to AWS Marketplace

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Salesforce (CRM) and Amazon Web Services (AWS) (AMZN) have announced a significant expansion of their strategic partnership, deepening product integrations across data and AI, and offering select Salesforce products on the AWS Marketplace. The expanded agreement aims to make it easier for customers to manage their data across Salesforce and AWS and safely infuse AI technologies into their applications. The partnership will enhance customer experiences, streamline purchasing options, and empower developers with new AWS compute and development services. The new product integrations will be available in 2024.
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SAIC MOTOR Overseas Intelligent Mobility Selects AWS as Its Strategic Cloud Provider

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SAIC MOTOR Overseas Intelligent Mobility Technology Co., Ltd. (SAIC MOTOR) has selected Amazon Web Services, Inc. (AWS) as its strategic cloud provider for its i-SMART connected vehicle platform. By leveraging AWS's global infrastructure, SAIC i-SMART enables drivers to monitor, interact with, and upgrade in-vehicle features around the world using their mobile phone. SAIC MOTOR uses Amazon S3, Amazon RDS, Amazon EKS, and AWS Lambda to build an elastic and agile connected vehicle architecture that can scale globally. In addition, SAIC MOTOR plans to use AWS generative artificial intelligence (generative AI) services, including Amazon Bedrock, to personalize the in-vehicle experience with virtual assistants and to automatically diagnose vehicle issues using the owner’s manual. The i-SMART connected vehicle platform equipped with Amazon Music is available on the MG ZS EV, MG5 EV, and MG4 EV models, offering drivers and passengers high-quality streaming media services as part of its in-vehicle listening experience.
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Clarity AI and AWS Advance Sustainable Investing at Scale

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Clarity AI (AMZN) partners with AWS to provide sustainability and social impact insights to investors and consumers. The platform uses generative AI, machine learning, and analytics to analyze millions of data points, empowering 150 million shoppers and directing over $30 trillion in funds toward sustainable companies.
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Hyundai and Amazon Partner to Deliver Innovative Customer Experiences and Cloud Transformation

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Amazon (AMZN) and Hyundai announce a strategic partnership to bring innovative experiences to customers, including the launch of online vehicle sales in the U.S. in 2024, Hyundai naming AWS as its preferred cloud provider, and the integration of the Alexa Built-in experience into Hyundai's next-generation vehicles. This collaboration aims to simplify the vehicle purchasing process, facilitate digital transformation, and enhance in-vehicle connectivity. Amazon CEO Andy Jassy and Hyundai President and CEO Jaehoon (Jay) Chang express excitement about the partnership, emphasizing the shared commitment to improving customer experiences and driving progress for humanity.
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The Heaven & Earth Grocery Store by James McBride is Amazon’s Best Book of 2023

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Amazon Books Editors’ Best Books of 2023 Include James McBride’s Novel The Heaven & Earth Grocery Store as the Best Book of the Year. The list features top picks across genres, making holiday shopping easier with breakouts in popular categories, and offers an Amazon Live Author Series conversation on November 15, 2023, at 12 p.m. PST.
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Introducing Astro for Business: A Customizable Security Solution Bringing Peace of Mind to Owners of Small and Medium-Sized Businesses

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Amazon (NASDAQ: AMZN) introduces Astro for Business, a comprehensive security solution for small and medium-sized businesses, featuring robotics, smart security, and AI. The solution, customizable with separate subscriptions, provides advanced security features, such as smart alerts, custom patrol routes, and scheduled patrols, offering business owners enhanced visibility and peace of mind. Astro for Business is designed to provide 24/7 monitoring, including live view, two-way talk, and HD periscope camera with night vision. The solution also offers additional subscriptions for extended benefits, including Ring Protect Pro, Astro Secure, and Virtual Security Guard.
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Amazon Business’ State of Procurement Report Reveals Key Procurement Strategies for 2024: Increasing Budgets and Investments in Tech

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Amazon Business (NASDAQ: AMZN) released its 2024 State of Procurement Report, revealing that over half of procurement teams expect budget increases in 2024. The report highlights a focus on investing in new technologies, including artificial intelligence, to improve efficiency and strategic capabilities. It also emphasizes the challenges and priorities of procurement across various industries and global markets.
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FAQ

What is the current stock price of Amazon.Com (AMZN)?

The current stock price of Amazon.Com (AMZN) is $197.12 as of November 22, 2024.

What is the market cap of Amazon.Com (AMZN)?

The market cap of Amazon.Com (AMZN) is approximately 2.1T.

What are the primary business areas of Amazon.com, Inc.?

Amazon.com, Inc. operates in several key areas: e-commerce, cloud computing (through AWS), digital streaming, artificial intelligence, and online advertising.

How significant is AWS to Amazon’s revenue?

AWS contributes approximately 15% to Amazon’s total revenue, offering cloud computing, storage, and database solutions.

What recent developments has Amazon made in grocery delivery?

Amazon introduced a grocery delivery subscription for Prime members, offering unlimited deliveries from Amazon Fresh, Whole Foods Market, and other local stores for $9.99 per month.

How is Amazon innovating in artificial intelligence?

Amazon has launched Amazon Q Developer and Business, which enhance coding accuracy and leverage enterprise data. It also announced new generative AI capabilities in Amazon Bedrock.

What was Amazon’s financial performance in Q1 2024?

Amazon reported a 13% year-over-year increase in net sales to $143.3 billion and a significant rise in operating income to $15.3 billion from $4.8 billion in the previous year.

What is the scope of Amazon’s international sales?

Amazon’s international segments, especially from Germany, the UK, and Japan, account for 25% to 30% of its non-AWS sales.

What are some of the entertainment offerings from Amazon?

Amazon offers a wide range of original content through Amazon Studios and streams exclusive sports events on Prime Video.

How does Amazon support its logistics and infrastructure growth?

Amazon continues to invest in new AWS regions and data centers, enhancing its infrastructure to support global growth and innovation.

What are Amazon’s guiding principles?

Amazon's guiding principles include customer obsession, passion for invention, commitment to operational excellence, and long-term thinking.

How does Amazon support its Prime members?

Prime members enjoy benefits such as free and fast delivery, exclusive deals, streaming of music and videos, and free access to Grubhub+ for food deliveries.

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Amazon.Com Inc

Nasdaq:AMZN

AMZN Rankings

#4 Ranked by Market Cap
N/A Ranked by Dividends

AMZN Stock Data

2.08T
9.45B
10.14%
64.01%
0.73%
Internet Retail
Retail-catalog & Mail-order Houses
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United States of America
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