Amazon Com Stock Price, News & Analysis

VMware and Amazon Web Services (AWS) showcased innovations in VMware Cloud on AWS at VMware Explore 2022, emphasizing faster cloud migrations and cost reductions. New features claim to improve cloud performance, flexibility, and security with significant savings opportunities—46% faster migrations and 57% lower total cost of ownership. Customers like Lotte and Quality Bicycle Products have benefited from expedited transitions and enhanced operations. The service is now available in 21 regions globally, including AWS GovCloud. VMware aims to streamline cloud consumption through the AWS Marketplace.

Amazon has signed an agreement with Plug Power to supply 10,950 tons of green hydrogen annually for its operations starting in 2025. This green hydrogen will power 30,000 forklifts and 800 heavy-duty trucks as part of Amazon's commitment to achieve net-zero carbon by 2040. As a leader in renewable energy procurement, Amazon aims to decarbonize sectors reliant on fossil fuels and expand the hydrogen economy. The company plans to increase its use of hydrogen fuel-cells and has invested in developing electrolyzer technology to boost green hydrogen production.

iRobot Corp. (NASDAQ: IRBT) reported a revenue decline to $255.4 million in Q2 2022, down from $365.6 million in Q2 2021, primarily due to unexpected order reductions and cancellations from retailers. The company posted a GAAP operating loss of $63.9 million and a GAAP net loss per share of $1.60. In a separate announcement, iRobot confirmed its acquisition by Amazon.com, Inc. (NASDAQ: AMZN) for $61.00 per share, valuing the deal at approximately $1.7 billion. iRobot plans restructuring actions expected to yield $5 million to $10 million in savings for 2022.

Amazon (NASDAQ:AMZN) has announced a definitive merger agreement to acquire iRobot (NASDAQ:IRBT) for $61 per share, totaling approximately $1.7 billion, including net debt. The acquisition is pending shareholder and regulatory approval, with iRobot's CEO Colin Angle remaining post-acquisition. This merger aims to enhance Amazon's product offerings in smart home innovations, capitalizing on iRobot's expertise in robotic cleaning solutions that have gained customer loyalty since the launch of Roomba in 2002.

Amazon announced a definitive merger agreement to acquire iRobot for $61 per share, valuing the deal at approximately $1.7 billion. iRobot, known for its innovative cleaning products like the Roomba, aims to enhance customer experiences through this partnership. Both companies emphasize their shared commitment to innovation and customer satisfaction. The transaction awaits approval from iRobot's shareholders and regulatory clearance. Colin Angle will continue as CEO post-acquisition.

Veritone has announced an extension of its collaboration with Amazon and AWS to enhance services for Media & Entertainment clients. The partnership aims to transform how content creators manage and monetize assets using aiWARE, Veritone's AI platform, combined with AWS capabilities. This extension reaffirms Veritone’s commitment to modernizing content production. With services like Digital Media Hub, M&E brands can streamline data management and uncover valuable content while capitalizing on new revenue opportunities.

Amazon is enhancing its Career Choice program through partnerships with Beyond 12 and Kaplan, offering employees free career coaching, college advising, and specialized services. The Career Choice program, which currently assists over 750,000 hourly employees with pre-paid college tuition, is now set to include virtual one-on-one coaching aimed at improving academic outcomes. The move aligns with findings that access to higher education improves income potential, with a focus on supporting under-resourced students. Amazon aims to help employees navigate educational pathways effectively.

Amazon.com, Inc. (AMZN) reported Q2 2022 results, showing a net loss of $2 billion or $0.20 per diluted share, compared to a net income of $7.8 billion in Q2 2021. Operating cash flow plunged 40% to $35.6 billion, and free cash flow decreased to an outflow of $23.5 billion. Despite these challenges, net sales rose 7% year-on-year to $121.2 billion. The results include a significant $3.9 billion loss related to Rivian investments. CEO Andy Jassy highlighted operational improvements and upcoming Prime benefits that could drive future revenue growth.

Amazon has launched custom electric delivery vehicles from Rivian in cities like Baltimore, Chicago, and Seattle, marking a significant commitment to sustainability. By the end of 2023, the companies aim to deploy thousands of these vehicles in over 100 cities, with a goal of 100,000 vehicles in the U.S. by 2030. This initiative is part of Amazon's Climate Pledge to achieve net-zero carbon emissions by 2040. The vehicles are designed for safety and efficiency, featuring advanced technology to integrate delivery workflows and improve driver experience.