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 is gearing up for Black Friday Deals Week from November 20-27, offering tens of thousands of deals across various categories, including electronics, home goods, toys, and fashion. Customers can shop through the Amazon app or at smile.amazon.com, supporting charities via AmazonSmile. Early holiday shopping is on the rise, with popular categories including home and Amazon devices. Amazon is also emphasizing support for small businesses with special collections. Customers can expect competitive pricing, extended return policies, and fast delivery options throughout the holiday season.
Amazon announced the launch of a new fulfillment center in Madison County, Mississippi, creating over 1,000 full-time jobs with competitive pay and benefits. This facility, featuring advanced robotics technology, is the first of its kind in the state and aims to enhance customer service in the region. Employees will receive a minimum wage of $15 per hour along with comprehensive benefits starting from day one, including medical, dental, and 401(k) plans. The project underscores Amazon's commitment to upskilling 100,000 U.S. employees with a $700 million investment.
Amazon Web Services (AWS) and Standard Chartered Bank have announced a five-year strategic agreement to enhance the bank's digital transformation. Under this partnership, Standard Chartered will migrate its banking systems and customer applications to AWS, improving resilience, security, and compliance across 60 markets. The collaboration aims to foster innovation in digital banking services, leveraging AWS services like Amazon EKS and Amazon Aurora. This initiative emphasizes operational efficiency, agility, and enhanced customer experiences, positioning Standard Chartered to better meet evolving client demands.
Amazon Web Services (AWS) plans to expand its operations in India by launching a second infrastructure region in Hyderabad by mid-2022. This new AWS Asia Pacific Region will include three Availability Zones, enhancing AWS's existing facilities in the country. Currently, India has nine AWS regions and 26 Availability Zones across Asia. This expansion aims to provide Indian businesses, startups, and non-profits with improved access to cloud services, facilitating innovation and operational efficiency. AWS continues to invest in local talent development and enhance its global infrastructure.
Amazon.com (NASDAQ: AMZN) plans to establish its first fulfillment center in Republic, Missouri, projected to open in 2021. This facility will generate over 500 full-time jobs with competitive wages and comprehensive benefits starting on day one. The 1 million square-foot center will handle oversized items such as patio furniture and outdoor equipment. Amazon has invested $780 million in Missouri since 2010, supporting over 4,500 jobs and contributing approximately $685 million to the state's GDP.
Amazon Web Services has launched Amazon EC2 P4d instances, delivering up to 3x faster performance and 60% lower costs compared to previous P3 instances. Equipped with 8 NVIDIA A100 GPUs and 400 Gbps network bandwidth, these instances enhance machine learning and high-performance computing tasks. Customers can scale to over 4,000 GPUs using EC2 UltraClusters. P4d is designed for efficiency in training complex models across various industries, significantly reducing training time and costs, thus accelerating innovation.
Amazon Web Services (AWS) will open its new Europe (Zurich) Region in Switzerland in the second half of 2022, comprising three Availability Zones. This expansion enables local developers, startups, and enterprises to run applications from local data centers, offering enhanced data residency and reduced latency. With existing regions across various European countries, AWS now supports 77 Availability Zones globally. This move aligns with AWS's commitment to enhancing cloud services for Swiss organizations, boosting innovation, and cost efficiency.
Amazon.com plans to establish its first fulfillment center in North Dakota, located in Fargo, with an expected launch in 2021. This facility will create 500 full-time jobs offering competitive pay and comprehensive benefits from day one. The one million square-foot center will handle large customer orders, including sports equipment and household goods. Amazon has invested over $239 million in North Dakota from 2010 to 2019, contributing more than $168 million to the state’s GDP during the same period.
Amazon.com reported a strong third quarter for 2020, with a 37% increase in net sales, reaching $96.1 billion. Operating cash flow surged by 56% to $55.3 billion year-over-year. Net income also rose significantly to $6.3 billion or $12.37 per share, compared to $2.1 billion a year prior. The company announced plans for 100,000 new permanent jobs in the U.S. and substantial hiring globally, alongside initiatives aimed at sustainability and community support. The report highlights Amazon's resilience amid the pandemic, with strong hiring and sales metrics.
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