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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.

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AWS announces launch of AWS European Sovereign Cloud, an independent cloud for Europe designed to meet regulatory data residency and operational requirements. The cloud will be physically and logically separate from existing AWS Regions, offering customers additional choice for data residency and operational autonomy. The AWS European Sovereign Cloud will launch with its first AWS Region in Germany and will be available to all European customers.
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Chinese court delivers favorable decision in landmark case against counterfeiter with evidence provided by Amazon and luxury brands.
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Amazon.com, Inc. to hold conference call for Q3 2023 financial results
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Amazon Prime members saved over $1 billion during Prime Big Deal Days, surpassing expectations. Millions of items were delivered with fast, free shipping. Apparel, beauty, home, and toys were top-selling categories. Alexa-enabled devices, Apple AirPods Pro, and Crest 3D Whitestrips were among the best-selling deals. Prime members can expect more great deals throughout the holiday season.
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Prime Big Deal Days offers exclusive savings for Prime members with millions of deals worldwide.
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Amazon Web Services (AWS) announces five generative AI innovations to enhance businesses and increase productivity.
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Anthropic selects AWS as its primary cloud provider, deepens commitment to AWS, and receives $4 billion investment from Amazon
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Amazon announces updates to Fire TV family including the all-new Fire TV Stick 4K Max and Fire TV Stick 4K, as well as the Fire TV Soundbar. The Fire TV Stick 4K Max offers nearly 30% more power than the previous generation and support for Wi-Fi 6E. The Fire TV Stick 4K is faster and more powerful than the previous generation, with support for Wi-Fi 6. The Fire TV Ambient Experience is now available on the all-new Fire TV Stick 4K Max, offering hundreds of new pieces of free artwork. Customers who purchase a new Fire TV device can enjoy six months of MGM+ at no additional charge. The new Fire TV Soundbar delivers bold sound and is compatible with all Fire TV devices. The devices are designed with sustainability in mind, carrying the Climate Pledge Friendly badge and featuring packaging that is 100% recyclable.
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Amazon announces eero Max 7, its first Wi-Fi 7 mesh system, combining TrueMesh technology and Wi-Fi 7 standard to increase speeds and improve latency. It supports up to 4.3 Gbps wireless speeds and 9.4 Gbps wired speeds, with coverage up to 7,500 square feet. Available soon starting at $599.99.
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Amazon introduces new Echo devices with upgraded features and designs
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FAQ

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.

Amazon.com, Inc.

Nasdaq:AMZN

AMZN Rankings

AMZN Stock Data

1.91T
9.24B
9.18%
62.81%
0.68%
Electronic Shopping and Mail-Order Houses
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