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.
On June 23, 2021, Amazon Web Services (AWS) and Salesforce announced a significant expansion of their strategic partnership. This initiative aims to streamline customer experiences by integrating AWS and Salesforce capabilities for faster application development. Key highlights include new low-code tools for quicker app creation, real-time data interchange for improved workflows, and enhanced security integration. Customers can expect pre-built applications leveraging AWS AI/ML services, starting with solutions tailored for industries like healthcare. The partnership marks a pivotal step in digital transformation across various sectors.
Amazon (NASDAQ: AMZN) has launched 14 new renewable energy projects in the U.S., Canada, Finland, and Spain, aiming to achieve 100% renewable energy by 2025. This initiative accelerates their goal by five years, and their total renewable energy capacity now stands at 10 GW, enough to power 2.5 million U.S. homes. This expansion includes Amazon's first solar projects in Arkansas, Mississippi, and Pennsylvania, as well as the largest solar farm in Canada. The move will support job creation and demonstrate Amazon's commitment to tackling climate change.
Amazon (Nasdaq:AMZN) has announced the 2021 recipients of the Amazon Future Engineer Teacher of the Year Award, honoring ten educators for their impact on underserved communities in computer science and robotics. Each awardee receives over $30,000 in prizes, including $25,000 for educational programs and a $5,000 cash award. This initiative aligns with Amazon's broader commitment to STEM education, aiming to reach 1.6 million students in underrepresented communities globally. The Amazon Future Engineer program also offers scholarships and internships to encourage student engagement in technology.
Amazon Web Services (AWS), a subsidiary of Amazon (NASDAQ: AMZN), has partnered with Ferrari to become its Official Cloud, Machine Learning, and AI Provider. This collaboration aims to enhance innovation in Ferrari’s vehicle design, performance, and customer engagement. Ferrari will utilize AWS’s infrastructure and services to streamline car development, including complex simulations and data analytics for performance insights. Additionally, Scuderia Ferrari plans to launch a digital fan engagement platform using AWS to connect with millions of fans globally through personalized content.
Amazon (AMZN) announces Prime Day 2021, starting June 21 at 12 a.m. PDT, featuring over 2 million deals across 20 countries, the largest in its 7-year history. Prime members can enjoy significant savings on a wide array of products, from electronics to fashion and home goods. Promotions include discounts on Amazon devices, small businesses, and seasonal items from Whole Foods. Additionally, customers can access exclusive offers leading up to Prime Day. Amazon emphasizes its commitment to providing exceptional shopping and entertainment experiences for its Prime members.
Amazon Studios has unveiled a comprehensive Inclusion Policy and Inclusion Playbook aimed at enhancing diversity, inclusion, and equity in its content and productions. Key goals include ensuring at least 30% representation of women and underrepresented racial/ethnic groups in key creative roles, aiming for 50% by 2024. Additional measures include inclusive casting practices and vendor diversity. These initiatives reflect Amazon's commitment to accountability in amplifying diverse voices in storytelling, supported by industry experts and organizations.
Amazon plans to establish its second robotics fulfillment center in Baton Rouge, Louisiana, creating over 1,000 full-time jobs with a starting wage of $15 per hour and comprehensive benefits. The new 820,000 square-foot facility will handle smaller items like books and electronics. Amazon's investments in Louisiana from 2010-2019 totaled $250 million, contributing an additional $220 million to the state’s economy and creating over 750 indirect jobs. The company emphasizes health, safety, and employee career development through programs such as Career Choice.
Amazon (Nasdaq:AMZN) partners with Sound Transit to develop up to 1,200 affordable housing units near light rail stations in the Puget Sound area. The company is investing $100 million in below-market funding for developers, with the first $25 million allocated for pre-development activities. This initiative is part of Amazon's Housing Equity Fund, which has already committed over $285 million to create 2,000 affordable homes. The partnership will help moderate- to low-income families access essential services and promote equitable economic growth.
Amazon (Nasdaq:AMZN) has partnered with the Washington Metropolitan Area Transit Authority (Metro) to create over 1,000 affordable housing units at Metro stations in the D.C. area. The company is committing $125 million from its Housing Equity Fund, part of a larger $2 billion initiative aimed at preserving and creating 20,000 affordable homes. This investment supports moderate- to low-income families by providing proximity to transportation, enhancing community services, and fostering economic stability. The partnership aligns with regional housing goals set by the Metropolitan Washington Council of Governments.
Amazon (NASDAQ: AMZN) announced a $75 million commitment to develop 800 affordable homes in Nashville, Tennessee, as part of its Housing Equity Fund, totaling over $2 billion aimed at creating more than 20,000 affordable units nationwide. This initiative supports moderate- to low-income families and enhances access to public transit, education, and essential services. The investment will prioritize projects near WeGo transit corridors, directly benefiting local communities and fostering long-term stability for residents.
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