Amazon has begun adding perishable groceries to its Same-Day Delivery service in the United States.
Amazon is now letting shoppers in 1,000 cities across the U.S. order perishable food items through its Same-Day Delivery service, as the e-commerce giant seeks to compete more directly with Instacart and Walmart+ in the growing quick-commerce space. Amazon plans to expand the option to over 2,300 cities by the end of the year.
Amazon is bringing same-day delivery of fresh foods to more pockets of the U.S. The service is launching in more than 1,000 U.S. cities and towns, with plans to expand to at least 2,300 locations by the end of this year.
Shares of Amazon.com Inc. (NASDAQ: AMZN) gained 3.41% over the past five trading sessions, halting a losing streak and bringing the stock's year-to-date performance back into the green with a gain of 0.57%.
Amazon's AWS Struggles: Amazon's recent earnings call revealed disappointing growth in AWS, with a growth rate of only 17.5%, compared to Microsoft's Azure, which surged to 39%.
The gig economy presents numerous benefits, and for those looking to capitalize on this growing trend, keeping an eye on stocks such as UBER, DASH and AMZN could be a wise move.
Bill Nygren's Oakmark Fund recently took new positions in these undervalued stocks.
A hybrid approach to AI is powering Amazon's Rufus shopping assistant and cutting-edge warehouse robots.
Investors on the lookout for top stock picks in August have come to the right place.
Amazon continues to deliver robust growth and expanding profitability, driven by AI, AWS, advertising, and international operations despite its massive scale. AWS remains the financial engine, but market concerns over slower profit growth and heavy Capex have pressured the stock price. I believe Amazon's aggressive investment in infrastructure and innovation is justified and will drive long-term revenue and margin expansion.
Amazon sent up its fourth batch of Kuiper internet satellites. A SpaceX-owned Falcon 9 rocket carried 24 more Kuiper satellites into low-earth orbit, bringing Amazon's constellation to 102 satellites.
Amazon's Q2 results were solid and in line with my expectations, despite a steep post-earnings sell-off that I view as unjustified. Key growth drivers - cloud, advertising and 3rd party - are performing at or above my case assumptions, supporting long-term upside. My updated DCF analysis shows Amazon is fairly valued even in a pessimistic scenario, with up to 93% upside in the bull case.