-1.26% to $253.54 from $256.78
What moved AMZN
- Amazon said it decided to ‘pause our operations with 21 Air,’ the carrier operating Flight 7598, which overran the runway at Miami International Airport on September 6, killing five people on the ground.
- Amazon spokesperson Kelly Nantel said the company spent time ‘supporting the investigation and reviewing some of the surrounding circumstances’ before making the decision, announced in a Sunday blog post.
- Amazon said shipments previously handled by 21 Air will be reallocated among its other carriers, including Sun Country Airlines, Hawaiian Airlines, Air Transport International, ABX Air, ASL Airlines and Cargojet.
- NTSB flight data released September 9 showed one pilot had warned the other they were approaching too fast before touchdown.
Sources: NPR · CBS News
+0.02% to $254.98 from $254.92
What moved AMZN
- The FTC and a bipartisan coalition of 22 state attorneys general filed suit alleging Amazon manipulated digital ad auction pricing to overcharge advertisers.
- The complaint centers on Amazon’s Sponsored Display, Sponsored Products and Sponsored Brands ad placements shown to shoppers on its retail site.
- The suit seeks civil penalties, restitution, disgorgement of profits and a permanent injunction changing Amazon’s ad practices.
- Amazon disputed the allegations, calling the lawsuit “misguided.”
Sources: CNBC · Axios · Law Commentary
-0.30% to $260.28 from $261.06
What moved AMZN
- AWS agreed to deploy 2 million additional Nvidia Blackwell Ultra, Rubin and Rubin Ultra GPUs across its infrastructure through 2027-2028.
- AWS will adopt Nvidia’s new Vera CPU, with some units paired with Rubin chips and some standalone.
- The companies will build secure U.S. government data centers featuring 100,000 GPUs.
- AWS will offer Nvidia’s Nemotron models through Bedrock and SageMaker, and Amazon will adopt Nvidia’s Omniverse, Cosmos, Isaac and Jetson software for its warehouse robotics fleet.
- Amazon shares closed down about 0.4% on the day as investors weighed the deal against other news, including the shutdown of Amazon’s Mechanical Turk platform.
Sources: NVIDIA Newsroom · 24/7 Wall St. · ad-hoc-news.de
+1.33% to $262.07 from $258.63
What moved AMZN
- The Echo Dot rose from $49.99 to $79.99, a 60% increase, among the steepest of the changes.
- The 16-gigabyte Kindle rose from $109.99 to $149.99, and the Kindle Paperwhite rose from $159.99 to $199.99.
- Amazon said the consumer electronics industry is facing “significant increases” in memory and storage component costs.
- The company attributed the increases to a global memory crunch, with DRAM and flash-storage costs pushed higher by demand from AI data centers and high-end PCs.
Sources: TechCrunch · Engadget · Fortune
+2.46% to $265.84 from $259.45
What moved AMZN
- Amazon said Prime Air will reach nearly 500 US cities and towns by year-end, up from 11 sites across 10 metro areas currently.
- The service will soon launch in the Chicago, Syracuse, Cleveland, Atlanta and Boise metro areas, with more communities added later this year.
- Prime Air offers delivery in as fast as 30 minutes, with about 60% of the most commonly ordered items eligible for drone delivery, including groceries, cosmetics, medications and electronics.
- Amazon said hundreds of thousands of packages have already been delivered by drone so far this year.
Sources: TechCrunch · UPI
-0.80% to $265.13 from $267.28
What moved AMZN
- Amazon shares fell around 1% as attention turned to a privacy dispute over Twitch enabling, by default, an option letting creators’ livestream video and chat be used to train Amazon’s AI systems
- The opt-out control is located within account security settings rather than being an opt-in choice
- Twitch’s chief product officer Mike Minton said of the default setting, “If it was opt-in, nobody would opt-in,” adding, “It’s going to be on by default”
- The policy has drawn criticism from creators concerned their likeness or voice could be used to train AI models without active consent
Sources: Yahoo Finance · Tech Times · Digital Journal