Rio Tinto said on Thursday it would supply copper that it leaches from an Arizona mine to Amazon.com for use in the tech giant's artificial intelligence data centers.
Amazon filed an objection to Saks Global's bankruptcy financing plan on the grounds it could harm creditors and push the tech company further down the repayment pecking order. The tech company invested $475 million into Saks's acquisition of Neiman Marcus, a stake it said is now effectively "worthless.
As of January 14, 2026, Amazon stock (NASDAQ: AMZN) has achieved an 11% return in the last year, falling behind several mega-cap tech rivals such as Google (78%) and Microsoft (14%). Despite leading in revenue scale at $670.038 billion, its profitability (11.37% operating margin) and free cash flow (2.01% FCF margin) significantly trail those of high-margin software and ad-tech competitors.
The artificial intelligence (AI) revolution is advancing rapidly, but companies struggle to match its pace.
Amazon's cloud computing division said Thursday that it would expand its "sovereign cloud" across the European Union, hoping to cash in as EU governments seek to safeguard their citizens' data.
Some on Wall Street think agentic commerce could help Amazon's business, but a Raymond James analyst worries the trend could eat into the company's dominance.
Amazon is reportedly challenging luxury retailer Saks Global's bankruptcy filing. The eCommerce giant accuses the company of breaking an agreement on the sale of Saks products on its website, Bloomberg News reported Wednesday (Jan. 14), citing a court filing.
The copper, which is being produced in Arizona by Rio Tinto with bacteria and acid, will be used for data-center construction.
Amazon's AWS launched a new cloud service located entirely in Europe on Thursday, addressing user concerns about the data security delivered by mainly U.S.-based providers by offering the continent's own independent alternative.
The Amazon Web Services (AWS) European Sovereign Cloud will be "physically and logically separate" from other AWS regions, the company said. The term sovereign cloud broadly relates to cloud computing services where the data is stored, handled and not moved out of a specific jurisdiction.
Amazon (AMZN) closed at $236.71 in the latest trading session, marking a -2.43% move from the prior day.
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