Amazon Com Stock Price, News & Analysis

Amazon (NASDAQ: AMZN) announced that Prime Day 2024 was its biggest ever, with record sales and more items sold than any previous Prime Day event. Key highlights include:

- Prime members globally saved billions across all categories
- Millions more Prime members shopped compared to Prime Day 2023
- Record-breaking new Prime sign-ups in the three weeks before the event
- Independent sellers sold over 200 million items
- Rufus, Amazon's new AI shopping assistant, helped millions of customers
- U.S. Prime members consolidated deliveries on millions of orders, saving an estimated 10 million trips

The success was attributed to Prime members' engagement and the efforts of Amazon's employees, delivery partners, and sellers worldwide.

Amazon Web Services (AWS) and Workday have expanded their partnership to enhance generative AI solutions, streamline custom application development, and boost joint market initiatives. Leveraging AWS technologies like Amazon Bedrock and Amazon SageMaker, they aim to revolutionize workforce management and financial reporting. The collaboration will also increase native integrations with AWS to help developers create custom applications efficiently. Joint efforts will focus on enhancing customer experiences, increasing productivity, and complying with regional regulations. The partnership seeks to accelerate cloud transformation and provide innovative AI-driven solutions for global organizations.

Amazon (NASDAQ: AMZN) is launching its 10th Prime Day event on July 16, offering exclusive discounts for Prime members. For 48 hours, members can access over 5 million deals across 35 categories, including electronics, beauty, and apparel.

Key savings include up to 50% off select Sony speakers and Hey Dude styles, 40% off Wilson outdoor sporting equipment, and 30% off Coach handbags and shoes. Additionally, members can save on school essentials and everyday items like Keurig coffee brewers and Oral-B toothbrushes.

Amazon is also promoting discounts on its devices, with up to 68% off on Ring Spotlight Cam Plus and others. Small businesses will feature prominently, with more deals available than in previous Prime Day events. Exclusive offers for Prime Visa members and Amazon Music Unlimited are also highlighted.

Customers can sign up for Prime to enjoy these benefits, with options including a 30-day free trial and special rates for students and government assistance recipients.

Amazon Web Services (AWS) has launched AWS App Studio, a new generative AI-powered service that simplifies the creation of enterprise-grade applications. The service allows users without software development skills to build applications by describing their requirements in natural language. AWS App Studio is designed to eliminate the steep learning curve of traditional low-code tools, offering a point-and-click interface and a generative AI assistant for real-time guidance.

The service aims to empower technical professionals like IT project managers and data engineers to quickly develop and deploy secure, scalable applications. It integrates seamlessly with AWS and third-party services, and is free to use for building, with costs incurred only when applications are deployed. The service is currently available in preview in US West (Oregon).

Companies like Campus Life & Style, Deloitte, HealthVerity, and LaunchDarkly have already seen significant benefits, including increased efficiency and reduced human error in data processing and operational tasks.

Amazon's 10th Prime Day event is set for July 16 and 17, offering millions of exclusive deals for Prime members across more than 35 categories. Deals will be available on both new-to-Amazon brands like Clinique and established brands such as Sony and KitchenAid. Influencers will highlight early deals, and special discounts will be available on school supplies, Amazon devices, and more.

Prime members can also access Invite-only deals and save up to 40% on products like Sony Wireless Headphones. Amazon's back-to-school guides and college shopping options feature up to 40% off items. Additionally, Prime members can enjoy benefits like up to 10% back on purchases with Prime Visa and access to Amazon Music Unlimited for five months free.

The event includes special promotions on groceries, small business products, travel deals, and early savings on Prime Video shows. Prime Day will be available in multiple countries on the same dates, with India hosting its event later in the summer.

Amazon Business has announced new technological features aimed at simplifying and modernizing procurement for business customers, including large enterprises, universities, and government agencies. These innovations were introduced at the Amazon Business Exchange event in Europe and include the Amazon Business App Center, System for Cross-domain Identity Management, Integrated Quoting, and updates to Budget Management and Guided Buying solutions. These tools are designed to enhance efficiency by streamlining order processing, budget management, and employee spending. Amazon Business, which drives approximately $35 billion in annualized gross sales, aims to address procurement challenges faced by its customers, helping them save time and reduce costs.

Blink, an Amazon company, has introduced Blink Moments, a new feature for its camera systems available to Blink Subscription Plus Plan customers. Blink Moments consolidates multiple motion event clips into a single, seamless video that can be easily saved, shared, and enjoyed. The feature aims to simplify the viewing experience, particularly for users with multiple cameras, by reducing the time spent scrolling through individual clips. Blink Moments is compatible with all generations of Blink cameras, offering flexible, whole-property coverage. Additional benefits of the Blink Plus Plan include person detection, up to 60 days of video cloud storage, and 90 minutes of continuous live view per session. The subscription costs $10 per month or $100 per year and supports unlimited devices per account.

Amazon (NASDAQ: AMZN) has unveiled its Best Books of the Year So Far, with Percival Everett's novel 'James' leading the list. The Amazon Books Editors praised it as an entertaining and thought-provoking read that reimagines 'The Adventures of Huckleberry Finn'. Other top picks include 'The Women' by Kristin Hannah, 'All the Worst Humans' by Phil Elwood, 'The Ministry of Time' by Kaliane Bradley, and 'Martyr!' by Kaveh Akbar. The list, curated by Amazon Books Editors who read thousands of books yearly, features twenty top picks across genres like literary fiction, mystery, romance, history, and more. The full list and further recommendations can be found on Amazon's website. An Amazon Live interview with Percival Everett is scheduled for June 18.

On June 13, 2024, the National Safety Council (NSC) celebrated the anniversary of its MSD Pledge by surpassing 200 signatories and awarding nearly $265,000 in grants. The MSD Pledge, launched in June 2022 and expanded in October 2023, unites global organizations in reducing musculoskeletal disorder (MSD) risks for nearly 2.9 million employees. With funding from Amazon (NASDAQ: AMZN), the MSD Solutions Lab spearheads this initiative, offering grants to advance MSD research and innovation. This year, Virginia Tech, North Carolina State University, Oregon State University, and Wichita State University received R2S grants, while Ocean Spray Cranberries, PepsiCo Global Concentrates Solutions, Wonderbrands, and Superior Tube Products were awarded MSD Solutions Pilot Grants. These efforts aim to transform workplace safety and health.