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.
At AWS re:Invent, Amazon announced five new capabilities for its database and analytics services aimed at enhancing data management and analysis for customers handling petabyte-scale workloads. Key updates include the Amazon DocumentDB Elastic Clusters for scaling document workloads, Amazon OpenSearch Serverless for automatic scaling of search workloads, Amazon Athena for Apache Spark for lightning-fast interactive queries, and AWS Glue Data Quality for improved data monitoring and management. Additionally, Amazon Redshift now supports multi-AZ deployments for heightened availability.
Amazon Web Services (AWS) has signed a transformative strategic agreement with Atos, aiming to accelerate cloud migrations for Atos' 800 managed infrastructure customers globally.
This multiyear deal makes AWS Atos' preferred cloud provider, enabling customers to leverage AWS's extensive service portfolio including compute and storage solutions.
Atos plans to train its workforce for over 20,000 AWS certifications, enhancing cloud expertise and supporting customers in their digital transformations while reducing costs and carbon emissions.
Amazon announced that the Thanksgiving holiday shopping weekend was its biggest ever, with customers purchasing hundreds of millions of products globally. Highlights included significant sales in the Home, Fashion, and Toy categories, with small businesses generating over $1 billion in sales. Popular items were Echo Dot, Fire TV Stick, and Apple AirPods. Customers also bought millions of Amazon Devices. The company emphasized its commitment to fast shipping and convenient returns, including an extended returns window until January 31, 2023.
Wallbox, a leader in electric vehicle (EV) charging solutions, announced its migration to AWS at AWS re:Invent. This transition enables Wallbox to leverage AWS capabilities, including analytics and machine learning, to enhance its manufacturing and product development processes globally. Notably, Wallbox achieved a significant 70% reduction in IT costs for residential charging systems through AWS's scalable solutions. This partnership aims to accelerate EV adoption and improve energy management, facilitating a more sustainable energy future.
Amazon Web Services has launched AWS Supply Chain, a new application aimed at enhancing supply chain visibility and decision-making. The application aggregates data across various supply chain systems, allowing businesses to respond effectively to risks and optimize costs. Customers like Lifetime Brands and Traeger Grills report improved forecasting accuracy and inventory management. Currently in preview in the U.S. and Europe, AWS Supply Chain aims to support companies in navigating unprecedented supply chain volatility while enhancing customer experiences.
Amazon Web Services (AWS) has launched three new EC2 instance types featuring advanced chips designed to enhance computing performance and reduce costs. The Hpc7g instances, powered by Graviton3E chips, deliver up to 2x better floating-point performance and superior pricing for HPC workloads. C7gn instances utilize Nitro Cards to provide the highest network bandwidth and packet performance, improving efficiency for network-intensive tasks. Inf2 instances, featuring Inferentia2 chips, support large deep learning models with improved cost efficiency and low latency. These advancements demonstrate AWS's commitment to innovation in cloud computing.
Amazon Security Lake, introduced by
Amazon has launched Amazon DataZone, a new data management service designed to enhance data governance and accessibility. It allows organizations to catalog, discover, share, and manage data across various sources, including AWS and on-premises systems. Key customers like ENGIE, Fox Corporation, and Itaú are set to benefit from improved data collaboration and decision-making capabilities. DataZone leverages machine learning to streamline data cataloging and governance, ensuring secure access while enabling users to derive insights quickly. For more details, visit aws.amazon.com/datazone.
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