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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

Trip.com Group Selects AWS as Its Strategic Cloud Provider to Enhance the Global Travel Experience

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Trip.com Group (NASDAQ: TCOM) collaborates with AWS to drive innovation in travel booking, personalized recommendations, and customer service. The multiyear agreement with AWS will allow Trip.com Group to leverage AWS’s global infrastructure and cloud technologies to expand their business globally, deliver seamless customer experiences, and drive innovation across the travel and hospitality industry. Trip.com Group uses AWS Graviton-powered Amazon Elastic Compute Cloud (Amazon EC2) instances to deliver high performance at a lower price for training large language models (LLMs). The company also unveiled a vertical LLM designed to offer increased accessibility, richer customer experiences, and reliable and personalized travel recommendations. Trip.com Group migrated more than 400 of its international business microservices to AWS, which significantly improved the speed of its air ticket booking system and reduced overall total memory consumption by more than 96%, resulting in substantial cost savings. The collaboration with AWS has also led to the successful launch of the “DreamNowTripLater” live video streams, which has generated $10 million in travel bookings to date. Additionally, Trip.com Group and AWS have developed a four-year training program to provide the company’s technologists with access to AWS Training and Certification’s comprehensive cloud training curriculum and resources.
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Axiata Selects AWS as its Primary Cloud Provider to Drive Innovation in the Telecom Industry

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Axiata Group Berhad (Axiata) (NASDAQ: AMZN) selects AWS as its primary cloud provider, accelerating digital transformation across operating companies to better serve 174 million customers in Southeast Asia and South Asia. The company will migrate over 650 services to AWS, including 80 machine learning applications, by the end of 2024. Axiata will use AWS technologies to inform data-driven business decisions, tailor offerings to new markets, and develop new services across telecommunications, banking, and payments industries. Axiata's operating companies will leverage AWS's security features to deliver the highest levels of security and privacy across its telecom network.
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AWS Announces More Model Choice and Powerful New Capabilities in Amazon Bedrock to Securely Build and Scale Generative AI Applications

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Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), announced Amazon Bedrock innovations at AWS re:Invent. The new additions expand model choice, simplify model customization, and provide safeguards for generative AI applications, transforming organizations' use of generative AI for innovation and customer experiences.
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AWS Announces Five New Amazon SageMaker Capabilities for Scaling with Models

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Amazon Web Services, Inc. (AWS) introduces five new capabilities within Amazon SageMaker to help accelerate building, training, and deployment of large language models and other foundation models. The new SageMaker HyperPod reduces training time by up to 40%, while SageMaker Inference reduces deployment costs by 50% and latency by 20%. SageMaker Clarify and Canvas capabilities are also enhanced, with major companies such as BMW Group, Booking.com, Hugging Face, Perplexity, Salesforce, Stability AI, and Vanguard already utilizing these new capabilities.
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Aerodyne Teams Up With AWS to Solve Complex Industrial Issues With Drone Data

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Aerodyne, a leading drone solutions provider, is running its DRONOS software as a service (SaaS) platform on AWS to help drone operators worldwide grow their businesses. The Malaysia-based startup operates drone solutions for telecommunications, agriculture, surveillance, logistics, and energy industries in 45 countries. Aerodyne has doubled its revenue annually since its inception in 2014, and with AWS, it has reduced its customers’ cellular tower operational costs by an average of 20% and manual data processing costs by more than 70% compared with on-premises infrastructure.
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Cathay Selects AWS as Its Strategic Cloud Provider

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Cathay, a premium travel lifestyle brand that includes Hong Kong's home airline Cathay Pacific, has selected AWS as its strategic cloud provider and is working with AWS to establish the Cathay Machine Learning Innovation Hub. The company plans to upskill 1,000 employees in the next three years and has already reduced IT infrastructure costs by 40% through its collaboration with AWS. The collaboration aims to automate operations and enhance air travel experiences using machine learning and AI technologies.
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AWS and Accenture Help Merck Use Cloud Technology to Reduce Drug Discovery Time and Accelerate Clinical Trial Development

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Amazon Web Services (AWS) is working with Accenture to help Merck (MRK) move its IT infrastructure to AWS, accelerate scientific research and discovery, and transform its value chain. Merck is using AWS analytics and AI services across its divisions, including a manufacturing platform to improve product availability and yield. The cloud migration will enable Merck to redirect resources to other strategic programs, with significant IT operational savings already realized.
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LG Empowers Global Creative Community with AWS Generative AI

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LG AI Research, a division of South Korean conglomerate LG Group, has launched its AI image-to-text captioning solution on AWS, using the EXAONE model to generate 2,000 image captions per hour at 66% lower cost and with 83% faster data processing than on-premises infrastructure. The solution is aimed at industries like advertising, fashion, and retail, offering accurate and relevant content creation for worldwide customers. Leveraging Amazon EC2 and Amazon SageMaker, LG AI can scale IT resources on demand and train ML models faster and at a lower cost than with on-premises infrastructure.
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XXImo becomes one of the first Visa card issuers in the EU to process payments entirely through the AWS Cloud, as it scales up its services to help customers meet new regulatory requirements

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XXImo (NASDAQ: AMZN) is going all-in on Amazon Web Services, Inc. to process payments through AWS Cloud, optimizing operational expenses and scaling its business to make flexible mobility payments accessible across Europe. As a licensed Payment and Electronic Money Institution, XXImo offers mobility payment cards to corporations and resellers in the fuel, parking, charging, fleet management, and leasing space. The company projects significant growth over the next two years driven by the demand for compliant services. XXImo supports modern mobility policies and provides detailed analysis of employees' mobility footprint, responding to the growing demand for sustainability reporting and regulations by closing its data centers and migrating all operations to AWS. This move will ensure continuity, security, and scalability for its payment processing platform, enabling the company to expand the scope of its research and development with generative AI and machine learning.
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Accor Collaborates With AWS to Deliver Exceptional Guest Experiences

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Accor S.A. (NASDAQ: AMZN) partners with AWS to launch a generative AI solution, Travel Assistant, enhancing travel planning and booking. The AI platform replicates expert travel agent services, providing personalized recommendations and intuitive, conversational advice to guests. It engages guests in tailored discussions, offering activities, special offers, and experiences to enhance their journey. The technology streamlines the booking process, increases conversion rates, and reduces call volumes at Accor's contact center. Fully GDPR-compliant, it reflects Accor and AWS's commitment to the highest data privacy standards.
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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

Nasdaq: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%
Internet Retail
Retail-catalog & Mail-order Houses
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United States of America
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