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.
Amazon (AMZN) reported strong Q3 2024 financial results with net sales increasing 11% to $158.9 billion. Operating income rose to $17.4 billion, up from $11.2 billion in Q3 2023. Net income reached $15.3 billion ($1.43 per diluted share), compared to $9.9 billion ($0.94 per share) year-over-year. AWS segment sales grew 19% to $27.5 billion. The company saw significant improvements across all segments, with North America sales up 9% to $95.5 billion and International sales increasing 12% to $35.9 billion. Operating cash flow increased 57% to $112.7 billion for the trailing twelve months.
Lumen Technologies (LUMN) and Amazon Web Services (AWS) announced a strategic partnership to enhance data center connectivity and optimize cloud technology delivery across the United States. Lumen will provide dedicated fiber infrastructure connecting AWS Regions and Local Zones, while implementing AWS technologies, including AI and machine learning, to modernize its systems. The collaboration aims to support high-bandwidth AI applications and enable dynamic network management. Lumen will migrate its IT and product platforms to AWS, utilizing Amazon Bedrock for network optimization and resource planning, working towards developing an AI-powered autonomous network platform.
Blue Duck Capital, a long/short equity investment manager and Amazon shareholder, has issued an open letter to Amazon's Board of Directors expressing concerns about the company's stock performance. The letter proposes several initiatives including: implementing a significant capital return program, improving AWS and retail business execution, increasing transparency on A.I. investment plans, better leveraging Whole Foods' market position, and realigning Amazon Studios' capital spending with viewership metrics.
Box and AWS have announced an expanded strategic partnership to enhance generative AI capabilities for enterprises. Box customers can now access foundation models through Amazon Bedrock, starting with Anthropic's Claude and Amazon Titan models. The integration includes a new Box connector for Amazon Q Business, enabling organizations to leverage their private data for AI-powered tasks like content generation, summarization, and information retrieval. The partnership aims to help various industries including financial services, media, law firms, nonprofits, and life sciences organizations to enhance their workflows while maintaining security and compliance standards.
Amazon has announced a new fuel savings benefit for Prime members, offering $0.10 per gallon savings at approximately 7,000 bp, Amoco, and ampm gas stations across the U.S. This could result in average savings of nearly $70 per year for Prime members. The company also plans to introduce an electric vehicle charging savings offer with bp pulse in 2025. To access the fuel savings, members need to activate the offer through amazon.com/fuelsavings and create a free earnify™ account with bp. This adds to Prime's existing benefits including fast delivery, entertainment services, and various shopping discounts.
Q2 Holdings Inc. (NYSE: QTWO) has expanded its strategic partnership with Amazon Web Services (AWS) to drive innovation for financial services. The collaboration includes Presidio, a technology solutions provider, to help Q2 expand its use of the AWS platform for its digital banking products. Q2 will leverage AWS's generative AI technology to help financial institutions automate critical processes and enhance customer service.
Key points:
- Q2 is using AWS's advanced technologies for fraud detection, audience segmentation, and personalized user experiences
- Q2 Sentinel, built on Amazon SageMaker, uses machine learning to monitor user behavior for fraud detection
- Andi Copilot, powered by Amazon Bedrock, automates workflows for commercial banking customers
- Q2 will migrate and modernize over 50,000 services on AWS, including its Innovation Studio and Partner Marketplace platform
Amazon.com (NASDAQ: AMZN) has announced it will hold a conference call to discuss its third quarter 2024 financial results on Thursday, October 31, 2024, at 2:00 p.m. PT/5:00 p.m. ET. The event will be webcast live, with audio and associated slides available for at least three months afterwards on the company's investor relations website (www.amazon.com/ir).
Amazon (NASDAQ:AMZN) has unveiled a new lineup of Kindle devices, including the first-ever color Kindle, a re-imagined Kindle Scribe, the fastest Kindle Paperwhite, and a new entry Kindle. The Kindle Colorsoft features a vibrant yet eye-friendly color display with wireless charging and waterproof design. The updated Kindle Scribe offers improved in-book writing experiences and an AI-powered notebook. The new Kindle Paperwhite boasts 25% faster page turns and up to three months of battery life. The entry-level Kindle now comes in a Matcha color option.
The lineup includes Kindle Kids devices with protective covers and Amazon Kids+ subscriptions. All new Kindles come with a three-month Kindle Unlimited subscription. The devices are packaged in 100% recyclable materials. Pricing starts at $109.99 for the entry Kindle, with the Kindle Colorsoft Signature Edition priced at $279.99 and the new Kindle Scribe at $399.99.
Amazon Ads has unveiled two new generative AI tools at unBoxed 2024: AI Creative Studio and Audio Generator. These tools aim to lower creative barriers and expand opportunities for advertisers to scale their reach across various media types.
The AI Creative Studio brings together Amazon Ads' AI-powered image and video generation capabilities in a single experience. It allows advertisers to explore, generate, refine, and publish high-quality ad creatives from a single product shot, product page, or existing ad creative.
The Audio Generator enables advertisers to develop engaging, interactive 30-second audio ad creatives in minutes at no additional cost. It automatically creates a voiceover script based on product information, allowing advertisers to select voice, tone, and background music.
These tools join Amazon Ads' existing suite of AI-powered creative tools, including Image Generator and Video Generator. According to Amazon Ads findings, brands using Image Generator between October 2023 and June 2024 saw an average of almost 5% more sales per advertiser.
Amazon Ads announced new advertising capabilities at unBoxed 2024, focusing on full-funnel insights to help brands optimize media investments. Key features include:
1. New product campaigns: A managed service for launching products within 90 days, showing a 9% increase in weekly sales growth.
2. Audience bid boosting: Re-engages shoppers reached on streaming TV through Sponsored Brands and Products ads.
3. Amazon Marketing Cloud (AMC) solutions: No-code capabilities for advanced audience and measurement insights.
4. Multi-touch attribution model: Analyzes the relative contribution of marketing touchpoints to conversions.
5. Conversion path reporting: Shows top-converting paths to purchase from the previous 30 days.
6. Long-term sales insights: Estimates sales generated over the next year based on campaign effectiveness.
These tools aim to simplify ad optimization and measurement for advertisers of all sizes.
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