Amazon Com Stock Price, News & Analysis

Amazon has expanded its renewable energy capacity by 8.3 GW in 2022, totaling over 20 GW across 401 projects in 22 countries. This equates to enough energy to power 5.3 million homes in the U.S. The company's goal to achieve 100% renewable energy by 2025 is now five years ahead of schedule. Amazon remains the largest corporate buyer of renewable energy, adding 133 new projects last year. Key projects include investments in offshore wind and hybrid solar systems, particularly in regions like India and Europe. The emphasis on innovative deal structures and technologies underlines Amazon's commitment to combat climate change and enhance sustainability.

Amazon Web Services (AWS) announced a strategic collaboration with Zurich Insurance Group to migrate its IT infrastructure to AWS, targeting the movement of 1,000 applications by 2025. This shift aims to innovate customer experiences, streamline core business processes, and meet regulatory requirements. Zurich expects to save around $30 million annually through improved operational efficiency and development speed, particularly for core insurance and SAP workloads. The partnership will leverage AWS’s advanced analytics and machine learning to enhance Zurich's data management and customer service capabilities.

Amazon has launched RxPass, a new benefit for Prime members that provides affordable access to over 80 generic medications for a flat fee of $5 per month, with free delivery. This subscription service aims to help customers save on prescription costs, especially those who pay over $10 per month for their medications, potentially reducing their expenses by more than 50%. RxPass is now available in most U.S. states, making healthcare more accessible. Additionally, Amazon Pharmacy offers other options, including discounts through the Prime prescription savings benefit.

Amazon Web Services (AWS) has launched its second AWS Region in Australia, the AWS Asia Pacific (Melbourne) Region, with an estimated investment of $4.5 billion (approx. A$6.8 billion) by 2037. This new region aims to enhance workload resilience and data security while providing lower latency for users.

The investment anticipates supporting over 2,500 full-time jobs annually and adding approximately $10.6 billion (approx. A$15.9 billion) to Australia’s GDP by 2037. AWS now operates 99 Availability Zones across 31 geographic regions, further expanding its infrastructure for local and global customers.

Jennifer Connelly received the IMDb 'Fan Favorite' STARmeter Award at the 2023 Sundance Film Festival on January 22, 2023, recognizing her popularity among the site's over 200 million monthly visitors. This award highlights stars who top the IMDbPro STARmeter chart based on page views. Connelly, who recently appeared in Top Gun: Maverick and stars in the upcoming film Bad Behaviour, ranked as the #40 most popular star of 2022. Previous recipients include Nicholas Braun and Rachel Brosnahan, emphasizing the award's prestige in recognizing audience favorites.

Amazon.com (NASDAQ: AMZN) has announced a conference call scheduled for February 2, 2023, at 2:30 p.m. PT to discuss its fourth quarter 2022 financial results. The call will provide insights into the company's performance and is expected to address key metrics such as earnings, revenue, and guidance. The event will be webcast live, and audio along with accompanying slides will be accessible for three months thereafter at www.amazon.com/ir.

IMDb will cover the 2023 Sundance Film Festival with exclusive content across its platforms, including interviews and portraits of stars and filmmakers. As an official festival sponsor, IMDb will host the 'Opening Night: A Taste of Sundance' on January 19, honoring notable artists like Luca Guadagnino and Ryan Coogler. The IMDb Studio at Acura Festival Village will operate from January 20-23, featuring celebrity photo sessions and video interviews. Jennifer Connelly will receive the 'Fan Favorite' STARmeter Award, recognizing her popularity among IMDb users. The festival promises extensive fan engagement through social media and live events.

On January 12, 2023, Zappos.com introduced its Label Free Box Free Returns service at Whole Foods Market stores nationwide, aligning with Amazon's goals of enhancing online shopping convenience. By eliminating packaging requirements, customers can streamline their returns while completing grocery shopping. This initiative complements Zappos’ existing 365-day free return policy. CEO Scott Schaefer emphasized the importance of evolving with customer needs to maintain a customer-first approach. The service is available via the Zappos iOS app.

Amazon has announced that its Buy with Prime feature will become widely available to U.S. merchants by January 31, previously limited to invite-only. This direct-to-consumer offering has demonstrated an average 25% increase in shopper conversion rates. Additionally, Amazon introduced Reviews from Amazon, allowing merchants to showcase customer reviews directly on their sites at no extra cost. This feature aims to boost customer trust and further enhance conversion rates, aiding merchants in establishing their brands and direct relationships with customers.