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 Web Services (AWS) has been selected by DISH Network as its preferred cloud provider to construct a cloud-native 5G network, aiming to transform the consumption of 5G services. This collaboration allows DISH to deploy the first standalone, cloud-based 5G Open Radio Access Network in the U.S., starting with Las Vegas. AWS’s infrastructure will enable DISH to automate operations, optimize costs, and facilitate new application development. The deal emphasizes agility and responsiveness, with potential applications across various industries, including smart factories, healthcare, and gaming.
Amazon (NASDAQ: AMZN) has announced nine new utility-scale wind and solar energy projects across the U.S., Canada, Spain, Sweden, and the UK, adding to its global total of 206 renewable energy projects with an electricity production capacity of 8.5 GW. This positions Amazon as the largest corporate buyer of renewable energy in Europe, contributing enough power for over two million homes. The projects support Amazon’s commitment to achieve 100% renewable energy by 2025 and its Climate Pledge to reach net-zero carbon by 2040.
Amazon.com, Inc. (NASDAQ: AMZN) will host a conference call on April 29, 2021, at 2:30 p.m. PT/5:30 p.m. ET, to discuss its first quarter 2021 financial results. The event will be available via live webcast, along with accompanying audio and slides, accessible for three months at www.amazon.com/ir. Investors can expect detailed discussions on earnings, revenue, and future outlook during this call.
Amazon Web Services (AWS) and Formula 1 (F1) are launching six new F1 Insights powered by AWS, enhancing fan engagement through real-time racing statistics. By the end of the 2021 season, there will be a total of 18 AWS-powered stats available, including 'Braking Performance,' debuting at the Italian Grand Prix from April 16-18. These insights leverage machine learning and advanced AWS technologies to analyze over 1.1 million data points generated per second by F1 cars. This collaboration enhances viewers' understanding of race strategies and performance dynamics.
Amazon Web Services (AWS) has launched AQUA for Amazon Redshift, a distributed and hardware-accelerated cache that enhances query performance by up to ten times compared to other cloud data warehouses. AQUA integrates compute capabilities directly into the storage layer, mitigating data movement and resulting in faster analytics. Available at no extra cost for users of Redshift RA3 instances, AQUA aims to streamline data handling and improve dashboard updates. This innovation follows the release of RA3 instances that already offer significant price-performance benefits.
Amazon today launched the next-generation Echo Buds, boasting an innovative design and advanced audio features. Key highlights include custom-designed Active Noise Cancellation, wireless charging, and enhanced microphones for superior call quality. Available in Black and Glacier White, the Buds start at $119.99, with a special limited-time price of $99.99. Additionally, eligible customers receive six months of Amazon Music Unlimited and Audible Plus at no cost. Pre-orders are now open at amazon.com/echobuds.
Amazon (NASDAQ: AMZN) announced a donation of $1.75 million to support a new STEAM high school in Onondaga County, New York. This initiative coincides with the opening of a robotics fulfillment center expected to create over 1,000 local jobs. The donation is aimed at enhancing robotics and computer science education, equipping students with necessary skills for future technology careers. The STEAM school will launch under a partnership involving local government and educational institutions, furthering Amazon's commitment to community investment and STEM education.
Amazon Web Services (AWS) has launched Amazon Lookout for Equipment, a machine learning service designed for predictive maintenance in industrial equipment. The service analyzes sensor data to detect early signs of equipment failure, reducing false alerts and downtime. Customers pay based on data used and compute hours, with no upfront fees. Available in US East, EU, and Asia Pacific regions, the service aims to simplify the development of machine learning models, allowing companies to better manage their operations and enhance efficiency.
Today, Easterseals Southern California and IMDbPro announced new efforts to enhance visibility and collaboration opportunities for entertainment professionals with disabilities. This year's Easterseals Disability Film Challenge invites filmmakers to showcase disability narratives. The competition aids aspiring creators, judged by industry leaders, with winners receiving IMDbPro memberships and featured films. The IMDbPro Discover tool enables talent search, fostering diversity in the entertainment sector. This initiative underscores IMDbPro's commitment to supporting underrepresented communities.
FAQ
What is the current stock price of Amazon.Com (AMZN)?
What is the market cap of Amazon.Com (AMZN)?
What are the primary business areas of Amazon.com, Inc.?
How significant is AWS to Amazon’s revenue?
What recent developments has Amazon made in grocery delivery?
How is Amazon innovating in artificial intelligence?
What was Amazon’s financial performance in Q1 2024?
What is the scope of Amazon’s international sales?
What are some of the entertainment offerings from Amazon?
How does Amazon support its logistics and infrastructure growth?
What are Amazon’s guiding principles?
How does Amazon support its Prime members?
