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.
LG AI Research has developed EXAONEPath, a new pathology foundation model for cancer diagnosis, using AWS cloud infrastructure. The AI model can analyze microscopic tissue samples with 86.1% accuracy across six benchmarks, reducing genetic testing time from two weeks to under one minute. Using AWS services, including Amazon SageMaker and NVIDIA GPUs, LG AI Research trained the model on 285 million data points and 35,000 tissue samples, cutting data management costs by 35% and data preparation time by 95%. The model is part of EXAONE, LG's 300-billion-parameter multimodal foundation model.
IMDb has revealed its most popular movies, shows, and stars of 2024, based on actual page views from over 250 million monthly visitors. Deadpool & Wolverine topped the movie list, while True Detective led TV shows. Sydney Sweeney emerged as the Most Popular Star, with Glen Powell named Breakout Star of 2024. The year's top movies featured both franchise continuations like Dune: Part Two and original films. Streaming series debuts were notably successful, including The Penguin, Fallout, and Shogun.
Amazon (NASDAQ: AMZN) announced its most successful Black Friday Week and Cyber Monday holiday shopping event ever, spanning from November 21 to December 2. The event saw record sales and a record number of items sold, with customers saving billions of dollars. Millions of Echo and Fire TV devices were purchased, with Echo Dot and Fire TV Stick 4K among the best-sellers. Popular categories in the U.S. included Electronics, Toys, and Beauty, featuring items like Beats headphones, Samsung TVs, Barbie, and Shark vacuums.
Independent sellers, mostly small and medium-sized businesses, also had their largest event ever, accounting for over 60% of sales. Amazon continues to offer millions more deals worldwide with fast delivery options for Prime members. An independent study confirmed Amazon's prices were, on average, 14% lower than other leading U.S. retailers entering the holiday season. Customers can continue to find deals on a wide range of products through December 24.
AWS and SAP have announced GROW with SAP on AWS, making AWS the first cloud provider to offer this solution through its marketplace. This collaboration simplifies cloud ERP deployment, reducing implementation time from years to months with no upfront costs. The solution integrates with Amazon Bedrock for generative AI capabilities, complementing SAP's Joule copilot. The system leverages AWS Nitro System for enhanced performance and AWS Graviton chips for improved energy efficiency. The service will utilize Amazon Bedrock's foundation models from various AI companies, offering customers streamlined business operations and advanced AI applications.
AWS announced new data center components designed to support next-generation AI innovation and improve efficiency. Key improvements include simplified electrical and mechanical design achieving 99.9999% infrastructure availability, innovative cooling systems with liquid-to-chip capabilities, and enhanced power delivery supporting a 6x increase in rack power density. The updates will provide 12% more compute power while reducing mechanical energy consumption by 46% and concrete embodied carbon by 35%. Implementation will begin in early 2025 across AWS's global infrastructure, including 34 Regions and 108 Availability Zones.
Lotus Technology has selected AWS as its preferred cloud provider to advance its intelligent and luxury vehicle development. The partnership supports Lotus's Vision80 Strategy to become a global luxury technology brand by 2028. Using AWS's technologies including IoT, analytics, machine learning, and generative AI, Lotus will enhance its autonomous driving solutions, connected features, and vehicle personalization.
The company's ROBO Soul self-driving software and ROBO Galaxy platform run on AWS, enabling automated tasks like parking and highway driving. Lotus Connect, their connected-vehicle platform, provides remote vehicle control and monitoring with application latency under 2.2 seconds for its Digital Key feature. AWS also powers Lotus's 3D vehicle rendering system for customization and personalized car-buying experiences.
Amazon Web Services (AWS) announced new generative AI enhancements for Amazon Connect, its cloud contact center solution. The updates include automated segmentation for proactive outreach, Amazon Q in Connect for AI-powered customer self-service, customizable AI guardrails, and new AI-powered agent evaluation tools. These features aim to deliver more personalized customer experiences, improve self-service capabilities, and enhance contact center efficiency. The solution supports over 10 million daily contact center interactions across thousands of customers, including Frontdoor, Fujitsu, GoStudent, Priceline, Pronetx, and University of Auckland.
Amazon has announced the expansion of Buy with Prime to SteveMadden.com, allowing Prime members to shop directly from Steve Madden's online store using their Prime benefits. The service offers fast, free delivery, easy returns, 24/7 shopper support, and convenient checkout. Merchants using Buy with Prime have seen an average 16% increase in revenue per shopper, with 50% of Prime members more likely to make repeat purchases from DTC sites offering Prime benefits. The service has helped reduce out-of-stock rates by 13% and improved inventory turnover by 24% for merchants using it alongside Amazon's fulfillment services.
Amazon has unveiled its Best Books of 2024, with Thomas Fuller's 'The Boys of Riverside: A Deaf Football Team and a Quest for Glory' claiming the top spot. The inspiring narrative follows a deaf football team's journey from underdogs to champions. Liz Moore's 'The God of the Woods' and Percival Everett's 'James' secured second and third places respectively. The selection process involved Amazon Books Editors reading thousands of new releases throughout the year. The top 100 list spans various genres, including literature, mystery, romance, history, and children's books, offering recommendations for all types of readers.
Amazon announced its Black Friday Week and Cyber Monday deal events running from November 21 through December 2, offering millions of deals across 35+ categories. Customers can expect up to 50% off on holiday items, electronics, home goods, toys, beauty products, and fashion from popular brands. New features include AI-powered shopping assistance through Rufus, AI Shopping Guides, and a Virtual Holiday Shop with 3D immersive experience. The event coincides with NFL Black Friday Football on Prime Video, featuring the Kansas City Chiefs vs Las Vegas Raiders. Prime members can enjoy free shipping on over 300 million items, with Same-Day or One-Day Delivery available on tens of millions of products.
FAQ
What is the current stock price of Amazon.Com (AMZN)?
What is the market cap of Amazon.Com (AMZN)?
What are the primary business areas of Amazon.com, Inc.?
How significant is AWS to Amazon’s revenue?
What recent developments has Amazon made in grocery delivery?
How is Amazon innovating in artificial intelligence?
What was Amazon’s financial performance in Q1 2024?
What is the scope of Amazon’s international sales?
What are some of the entertainment offerings from Amazon?
How does Amazon support its logistics and infrastructure growth?
What are Amazon’s guiding principles?
How does Amazon support its Prime members?
