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Amazon.Com Inc - AMZN STOCK NEWS

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.

News

Holland America Line Teams Up with Audible to Offer a Virtual Book Club Allowing Guests to Stay Connected to the Brand On Board and Ashore

Rhea-AI Summary
Holland America Line partners with Audible to offer a co-branded book club and curated content for guests. The collaboration includes free in-stateroom Audible content, destination-focused playlists, and an exclusive offer for guests. Consumers can sign up for a two-month extended free trial of Audible Premium Plus to access a variety of titles. Holland America Line's social media will host the online Audible Book Club, starting with The Justice by James Patterson. Guests can enjoy curated collections of Audible content based on travel destinations and access onboard in-stateroom entertainment, including language lessons and soundtracks. The collaboration is available for residents of the US, Canada, The Netherlands, UK, and Australia.
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S&P Global Commodity Insights and Amazon Web Services Empower Digital Transformation in Upstream Oil & Gas Industry

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S&P Global Commodity Insights collaborates with Amazon Web Services to provide energy industry with comprehensive upstream data and AI tools, facilitating digital transformation. The partnership aims to offer cloud-based solutions for geoscientists and upstream operators, enhancing data accessibility and interoperability.
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AWS and NVIDIA Extend Collaboration to Advance Generative AI Innovation

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AWS and NVIDIA announce the integration of NVIDIA Grace Blackwell GPU-based Amazon EC2 instances and NVIDIA DGX Cloud to accelerate AI performance. The collaboration aims to provide end-to-end control of training data and model weights, enhancing security for AI applications. Project Ceiba, an AI supercomputer exclusively on AWS, will feature 20,736 GB200 Superchips capable of processing 414 exaflops. The partnership accelerates AI innovation across healthcare and life sciences.
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Fujitsu and AWS deepen global partnership to accelerate legacy applications modernization on the cloud

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Fujitsu and AWS announce the launch of a Modernization Acceleration Joint Initiative to facilitate the modernization of legacy applications on AWS Cloud. The initiative aims to provide assessment, migration, and modernization services for mission-critical applications on on-premise mainframes and UNIX servers, catering to industries like finance, retail, and automotive. The partnership combines Fujitsu's systems integration expertise with AWS Professional Services to offer fast and secure modernization solutions, enabling customers to adapt to evolving business demands with agility and resilience.
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Introducing the Next-Generation Blink Mini 2 — A New Compact Plug-In Camera That Works Both Indoors and Outdoors

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Blink, an Amazon company, introduces the next-generation Blink Mini 2 camera with enhanced features like person detection, LED spotlight, wider field of view, and improved image quality. The camera can now be used indoors or outdoors with the new Blink Weather Resistant Power Adapter. Priced at $39.99 for indoor use and $49.98 for outdoor use, Blink Mini 2 offers affordable home security with premium features powered by Blink's custom-built chip.
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ReFrame and IMDbPro Award the ReFrame Stamp to 29 Feature Films Released in 2023

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ReFrame and IMDbPro award the ReFrame Stamp to 29 feature films released in 2023, including Academy Award nominees Barbie and Past Lives. The report highlights that more popular films were directed by women, but the majority of sets lack gender balance. While there is an increase in women of color directing popular films, overall hiring of women, trans, and nonbinary individuals has not significantly grown in the past four years, with multiple roles still hiring less than 10% women.
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AWS to Launch an Infrastructure Region in Mexico

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Amazon Web Services (AWS), a subsidiary of Amazon.com, Inc. (NASDAQ:AMZN), is launching a new AWS infrastructure Region in Mexico by early 2025, investing over $5 billion (approx. MXN $85 billion) in the country. The Region will cater to a wide range of customers, including developers, startups, enterprises, and government organizations, offering lower latency and secure content storage options.
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Amazon.com Announces Fourth Quarter Results

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Amazon (AMZN) announced its financial results for Q4 2023, reporting a 14% increase in net sales to $170.0 billion, with North America segment sales up 13%, international segment sales up 17%, and AWS segment sales up 13%. Operating income increased to $13.2 billion, and net income rose to $10.6 billion. Full year 2023 net sales increased 12% to $574.8 billion, with operating income reaching $36.9 billion and net income at $30.4 billion. Operating cash flow increased 82% to $84.9 billion. Amazon CEO Andy Jassy expressed satisfaction with the company's progress and customer experience improvements, highlighting the success of various business segments.
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Amazon and iRobot Agree to Terminate Pending Acquisition

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Amazon's proposed acquisition of iRobot has been terminated due to lack of regulatory approval in the European Union, resulting in a loss for consumers, competition, and innovation. The acquisition agreement, originally signed on August 4, 2022, would have allowed Amazon to invest in iRobot's innovation and support price reductions on iRobot products. However, the termination of the agreement has prevented both companies from moving forward together.
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Amazon and iRobot agree to terminate pending acquisition

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Amazon and iRobot have mutually agreed to terminate their acquisition agreement due to the lack of regulatory approval in the European Union. The deal, originally signed on August 4, 2022, would have allowed Amazon to acquire iRobot for cash consideration, enabling Amazon to invest in iRobot's innovation and lower prices on their products. This termination is a loss for consumers, competition, and innovation.
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FAQ

What is the current stock price of Amazon.Com (AMZN)?

The current stock price of Amazon.Com (AMZN) is $197.12 as of November 22, 2024.

What is the market cap of Amazon.Com (AMZN)?

The market cap of Amazon.Com (AMZN) is approximately 2.1T.

What are the primary business areas of Amazon.com, Inc.?

Amazon.com, Inc. operates in several key areas: e-commerce, cloud computing (through AWS), digital streaming, artificial intelligence, and online advertising.

How significant is AWS to Amazon’s revenue?

AWS contributes approximately 15% to Amazon’s total revenue, offering cloud computing, storage, and database solutions.

What recent developments has Amazon made in grocery delivery?

Amazon introduced a grocery delivery subscription for Prime members, offering unlimited deliveries from Amazon Fresh, Whole Foods Market, and other local stores for $9.99 per month.

How is Amazon innovating in artificial intelligence?

Amazon has launched Amazon Q Developer and Business, which enhance coding accuracy and leverage enterprise data. It also announced new generative AI capabilities in Amazon Bedrock.

What was Amazon’s financial performance in Q1 2024?

Amazon reported a 13% year-over-year increase in net sales to $143.3 billion and a significant rise in operating income to $15.3 billion from $4.8 billion in the previous year.

What is the scope of Amazon’s international sales?

Amazon’s international segments, especially from Germany, the UK, and Japan, account for 25% to 30% of its non-AWS sales.

What are some of the entertainment offerings from Amazon?

Amazon offers a wide range of original content through Amazon Studios and streams exclusive sports events on Prime Video.

How does Amazon support its logistics and infrastructure growth?

Amazon continues to invest in new AWS regions and data centers, enhancing its infrastructure to support global growth and innovation.

What are Amazon’s guiding principles?

Amazon's guiding principles include customer obsession, passion for invention, commitment to operational excellence, and long-term thinking.

How does Amazon support its Prime members?

Prime members enjoy benefits such as free and fast delivery, exclusive deals, streaming of music and videos, and free access to Grubhub+ for food deliveries.

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Amazon.Com Inc

NYSE:AMZN

AMZN Rankings

#4 Ranked by Market Cap
N/A Ranked by Dividends

AMZN Stock Data

2.08T
9.45B
10.14%
64.01%
0.73%
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