What's happening today with AMAZON COM INC CEDEAR EACH 144 REP 1
•Amazon's AWS grew 16% year-over-year, beating market forecasts. Its AI and diverse language models may boost future growth, alongside optimistic eCommerce expansion.
•Amazon plans to expand its cloud services in Southeast Asia, investing $6 billion in Malaysia by 2037 and opening new AWS regions in Malaysia and Thailand.
•Amazon introduces a grocery delivery service for Prime members in the US, including Amazon Fresh, Whole Foods, and local stores, with one-hour delivery and 30-minute pickup options.
Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as amazon.com and amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.