Amazon Com Stock Price, News & Analysis

AWS announced new data center components designed to support next-generation AI innovation and improve efficiency. Key improvements include simplified electrical and mechanical design achieving 99.9999% infrastructure availability, innovative cooling systems with liquid-to-chip capabilities, and enhanced power delivery supporting a 6x increase in rack power density. The updates will provide 12% more compute power while reducing mechanical energy consumption by 46% and concrete embodied carbon by 35%. Implementation will begin in early 2025 across AWS's global infrastructure, including 34 Regions and 108 Availability Zones.

Lotus Technology has selected AWS as its preferred cloud provider to advance its intelligent and luxury vehicle development. The partnership supports Lotus's Vision80 Strategy to become a global luxury technology brand by 2028. Using AWS's technologies including IoT, analytics, machine learning, and generative AI, Lotus will enhance its autonomous driving solutions, connected features, and vehicle personalization.

The company's ROBO Soul self-driving software and ROBO Galaxy platform run on AWS, enabling automated tasks like parking and highway driving. Lotus Connect, their connected-vehicle platform, provides remote vehicle control and monitoring with application latency under 2.2 seconds for its Digital Key feature. AWS also powers Lotus's 3D vehicle rendering system for customization and personalized car-buying experiences.

Amazon Web Services (AWS) announced new generative AI enhancements for Amazon Connect, its cloud contact center solution. The updates include automated segmentation for proactive outreach, Amazon Q in Connect for AI-powered customer self-service, customizable AI guardrails, and new AI-powered agent evaluation tools. These features aim to deliver more personalized customer experiences, improve self-service capabilities, and enhance contact center efficiency. The solution supports over 10 million daily contact center interactions across thousands of customers, including Frontdoor, Fujitsu, GoStudent, Priceline, Pronetx, and University of Auckland.

Amazon has announced the expansion of Buy with Prime to SteveMadden.com, allowing Prime members to shop directly from Steve Madden's online store using their Prime benefits. The service offers fast, free delivery, easy returns, 24/7 shopper support, and convenient checkout. Merchants using Buy with Prime have seen an average 16% increase in revenue per shopper, with 50% of Prime members more likely to make repeat purchases from DTC sites offering Prime benefits. The service has helped reduce out-of-stock rates by 13% and improved inventory turnover by 24% for merchants using it alongside Amazon's fulfillment services.

Amazon has unveiled its Best Books of 2024, with Thomas Fuller's 'The Boys of Riverside: A Deaf Football Team and a Quest for Glory' claiming the top spot. The inspiring narrative follows a deaf football team's journey from underdogs to champions. Liz Moore's 'The God of the Woods' and Percival Everett's 'James' secured second and third places respectively. The selection process involved Amazon Books Editors reading thousands of new releases throughout the year. The top 100 list spans various genres, including literature, mystery, romance, history, and children's books, offering recommendations for all types of readers.

Amazon announced its Black Friday Week and Cyber Monday deal events running from November 21 through December 2, offering millions of deals across 35+ categories. Customers can expect up to 50% off on holiday items, electronics, home goods, toys, beauty products, and fashion from popular brands. New features include AI-powered shopping assistance through Rufus, AI Shopping Guides, and a Virtual Holiday Shop with 3D immersive experience. The event coincides with NFL Black Friday Football on Prime Video, featuring the Kansas City Chiefs vs Las Vegas Raiders. Prime members can enjoy free shipping on over 300 million items, with Same-Day or One-Day Delivery available on tens of millions of products.

Amazon (AMZN) reported strong Q3 2024 financial results with net sales increasing 11% to $158.9 billion. Operating income rose to $17.4 billion, up from $11.2 billion in Q3 2023. Net income reached $15.3 billion ($1.43 per diluted share), compared to $9.9 billion ($0.94 per share) year-over-year. AWS segment sales grew 19% to $27.5 billion. The company saw significant improvements across all segments, with North America sales up 9% to $95.5 billion and International sales increasing 12% to $35.9 billion. Operating cash flow increased 57% to $112.7 billion for the trailing twelve months.

Lumen Technologies (LUMN) and Amazon Web Services (AWS) announced a strategic partnership to enhance data center connectivity and optimize cloud technology delivery across the United States. Lumen will provide dedicated fiber infrastructure connecting AWS Regions and Local Zones, while implementing AWS technologies, including AI and machine learning, to modernize its systems. The collaboration aims to support high-bandwidth AI applications and enable dynamic network management. Lumen will migrate its IT and product platforms to AWS, utilizing Amazon Bedrock for network optimization and resource planning, working towards developing an AI-powered autonomous network platform.

Blue Duck Capital, a long/short equity investment manager and Amazon shareholder, has issued an open letter to Amazon's Board of Directors expressing concerns about the company's stock performance. The letter proposes several initiatives including: implementing a significant capital return program, improving AWS and retail business execution, increasing transparency on A.I. investment plans, better leveraging Whole Foods' market position, and realigning Amazon Studios' capital spending with viewership metrics.