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.
IMDbPro and ReFrame awarded the ReFrame Stamp for gender-balanced hiring to 77 of 200 most popular TV and streaming series of 2023-24. This represents 38.5% of the series, a decrease of 8.5% from last year and 20% from the peak in 2020-21. The Stamp recognizes productions with at least 50% of key roles filled by women or gender-diverse individuals. Additional points are given for hiring women of color and achieving overall gender parity in crews.
This year, women lost ground in nearly every position analyzed. The report highlighted a significant drop in women portraying lead roles, from 54% last year to 41% this year. Women directed 25.5% and wrote 32.4% of pilot episodes. Notably, Amazon MGM Studios had a high percentage (60.9%) of its series meeting the ReFrame Stamp criteria. The Emmy-nominated series include Abbott Elementary, Fallout, Hacks, Mr. and Mrs. Smith, Reservation Dogs, and The Bear.
The ReFrame TV Stamp aims to promote equitable hiring practices and is awarded to series meeting these standards, encouraging ongoing commitment to gender equity in the industry.
Amazon.com (NASDAQ:AMZN) reported strong Q2 2024 financial results, with net sales increasing 10% to $148.0 billion. Operating income rose to $14.7 billion, while net income reached $13.5 billion or $1.26 per diluted share. The company saw growth across all segments, with AWS sales increasing 19% year-over-year. Amazon's free cash flow improved significantly to $53.0 billion for the trailing twelve months. The company highlighted progress in AI initiatives, including new features for consumers and expanded AWS offerings. Amazon also secured streaming rights for NBA games and reported success with original content on Prime Video.
GE HealthCare (GEHC) and Amazon Web Services (AWS) have announced a strategic collaboration to develop generative AI applications for healthcare. GE HealthCare has selected AWS as its strategic cloud provider to build and implement new foundation models aimed at transforming healthcare. The collaboration will utilize AWS services like Amazon Bedrock, Amazon Q Developer, and Amazon SageMaker to accelerate the development of medical technologies and streamline clinical workflows.
The partnership aims to improve diagnostic accuracy, enhance patient outcomes, and promote equitable care. GE HealthCare plans to leverage AWS's healthcare-specific cloud services and generative AI capabilities to build transformative clinical foundation models and applications, potentially reducing application development cycles from years to months.
Amazon.com (NASDAQ: AMZN) has announced its upcoming second quarter 2024 financial results conference call, scheduled for Thursday, August 1, 2024, at 2:30 p.m. PT/5:30 p.m. ET. The event will be webcast live, allowing investors and interested parties to tune in for real-time updates on the company's performance. Amazon has also confirmed that the audio and associated slides from the call will remain available for at least three months after the event on their investor relations website (www.amazon.com/ir). This announcement demonstrates Amazon's commitment to transparency and keeping shareholders informed about its financial status and future outlook.
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.
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