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Amazon's $7.131 Billion Trading Volume Lands Sixth in Market Activity
Generated by AI AgentAinvest Volume Radar
Thursday, May 29, 2025 8:12 pm ET1min read
On May 29, 2025, Amazon's trading volume reached $7.131 billion, ranking sixth in the day's stock market activity.
(AMZN) shares rose by 0.48%.Amazon has established a new team within its devices unit, named ZeroOne, to focus on developing innovative consumer products. This initiative is led by J. Allard, a former
executive known for his contributions to the creation of the Xbox. The ZeroOne team aims to create groundbreaking consumer products, marking Amazon's ambitious venture into the realm of innovative technology.Amazon's e-commerce business has shown promising trends that could lead to strong margin and operating income growth. The company is exploring new avenues beyond its core services in AWS and advertising to enhance its overall performance.
Amazon's partnership with Stellantis to develop in-car software has been terminated. The collaboration, which aimed to create voice-controlled navigation and infotainment systems using Amazon's Alexa technology, is being wound down. This decision comes as both companies continue to work on other initiatives together, with Stellantis potentially seeking new partnerships for its tech endeavors.
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