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 Prime Video will premiere the highly-anticipated anime film EVANGELION:3.0+1.01 THRICE UPON A TIME globally on August 13. This film, the concluding chapter of the renowned Evangelion series, was the highest-grossing film directed by Hideaki Anno and had record-breaking box office success in Japan in 2021. To complement the release, Prime Video will also stream the first three films of the franchise in over 240 countries. The movie will be available in 10 languages and includes subtitles in 28 languages, enhancing accessibility for a global audience.
BetterInvesting Magazine has named Amazon (NASDAQ: AMZN) as its "Stock to Study" and Centene (NYSE: CNC) as its "Undervalued Stock" for the September 2021 issue, aiming to inform and educate investors. This selection is part of BetterInvesting's commitment to empower individuals towards financial independence. The organization has been providing investment education for nearly 70 years. More details on Amazon and Centene's investment potential can be found through BetterInvesting's online tools.
Amazon Web Services (AWS) has been selected by Swisscom as its preferred public cloud provider, aligning with Swisscom's cloud-first strategy to enhance IT agility and operational efficiency. This partnership will facilitate the migration of core applications, leveraging AWS's infrastructure for a cloud-native 5G Core and supporting analytics, machine learning, and data warehousing services. Swisscom aims to modernize its offerings, reduce complexity, and improve scalability while expecting new growth opportunities through enhanced 5G capabilities.
AWS has launched the AWS BugBust Challenge, a global event inviting developers to eliminate one million software bugs collectively. Developers can create AWS BugBust events via Amazon CodeGuru, competing to fix bugs and achieve $100 million in technical debt savings. Participants can earn prizes, badges, and a chance to attend AWS re:Invent 2021 in Las Vegas. This initiative aims to enhance code quality, reduce the tediousness of code reviews, and allow developers to focus on innovation while improving application performance.
Amazon (NASDAQ: AMZN) has filed a joint lawsuit with Asmodee Group against two defendants for allegedly counterfeiting the popular card games Dixit: Daydreams Expansion and Dixit: Revelations Expansion. The lawsuit, filed in the U.S. District Court for the Western District of Washington, accuses the defendants of infringing Asmodee’s trademarks and selling counterfeit products on Amazon. Amazon's Counterfeit Crimes Unit has already closed the defendants' account and refunded affected customers. In 2020, Amazon invested over $700 million to combat counterfeiting.
Amazon announced that Prime Day 2021 was a record-breaking event, achieving the biggest two-day sales period for third-party sellers, mostly small and medium-sized businesses. Prime members globally shopped more than 250 million items and saved more than ever before. The Spend $10, Get $10 promotion resulted in over $1.9 billion spent on small business products, marking a 100% year-over-year increase. Popular items included Fire TV Stick 4K, iRobot Roomba, and various electronics. Prime now serves over 200 million members worldwide.
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.
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