Amazon.com Stock News

Amazon CEO Andy Jassy thinks companies should invest “aggressively” in AI now to reap the full financial rewards in the future.

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Some Amazon third-party sellers could try to pass on tariff costs to shoppers, Amazon's CEO said. Many may not have the profit margins to absorb the tariff costs themselves, Andy Jassy said.

The head of the Shenzhen Cross Border E-commerce Association, which represents 3,000 Amazon sellers, said some Chinese sellers are planning to hike their prices or leave the U.S. market.

AI will get cheaper, especially as chip prices come down, Amazon CEO Andy Jassy said. Jassy laid out his expectations for AI in his annual letter to Amazon shareholders on Thursday.

U.S. tariffs have reportedly left Chinese companies on Amazon with a tough choice: Hike their prices, or leave the platform altogether. That's according to a report late Wednesday (April 9) by Reuters, citing interviews with those merchants and the head of China's largest eCommerce association.

The stock market has been on a wild ride since President Trump announced his new tariff plan on April 2. The tariffs, which will affect over 180 countries, sent all major indexes plunging, and virtually all big-name tech stocks followed the same path.

Amazon has reportedly experimented with using its delivery drivers as emergency responders. The tech giant outfitted delivery vans in Europe with defibrillators to see whether those drivers could provide faster aid to heart attack victims, Bloomberg News reported Thursday (April 10), citing company documents.