AMZN stands out as a momentum pick under Richard Driehaus' "buy high, sell higher" strategy, riding strong price trends and the AI-driven growth wave.
Amazon on Wednesday tapped long-time cloud executive Peter DeSantis to lead a new unit that would oversee its most advanced technologies, including artificial intelligence models, custom silicon and quantum computing.
Amazon CEO Andy Jassy announced in a message to staff on Wednesday that longtime AWS executive Peter DeSantis will lead a new AI-focused organization within the company.
| Specialty Retail Industry | Consumer Discretionary Sector | Andrew R. Jassy CEO | XDUS Exchange | US0231351067 ISIN |
| US Country | 1,560,000 Employees | - Last Dividend | 2 Sep 1999 Last Split | 15 May 1997 IPO Date |
Amazon.com, Inc. is a multinational conglomerate that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It was founded in 1994 and has its headquarters in Seattle, Washington. Amazon has established itself as a leader in the online retail world, providing an extensive range of consumer products, advertising solutions, and subscription services. The company operates on a global scale, with key market segments in North America and International territories, along with its Amazon Web Services (AWS) sector, which offers advanced cloud computing solutions. Amazon's mission encompasses the retail sale of consumer products and services through online and physical outlets, manufacturing of electronic devices, content production, and provision of a platform for sellers, content creators, and developers.