Amazon.com, Inc. (NASDAQ:AMZN) is one of the best NASDAQ stocks to buy and hold for 3 years.
Reuters reported on June 4 that Pinterest announced that it would pay Amazon.com’s (NASDAQ:AMZN) AWS $4 billion for cloud services through 2031 in an attempt to bolster a long-term partnership between the two companies
Pinterest’s Chief Technology Officer Matt Madrigal stated that the expanded commitment with AWS offers compute flexibility, infrastructure efficiency, and hardware optionality to accelerate the company’s AI mission. In another development, Reuters reported on June 4 that Amazon.com, Inc. (NASDAQ:AMZN) announced on Thursday an upgraded AI-powered mobile robot for its warehouses as part of a €10 billion ($11.6 billion) investment in its European fulfillment network. The robot is capable of responding to conversational prompts, with the company working to speed up deliveries.
The next-generation Proteus robot was showcased at its “Delivering the Future” event at its Dartford fulfilment centre, east of London. Amazon.com, Inc. (NASDAQ:AMZN) provides its customers with a range of products and services. It offers advanced tools for AR and VR developers through its Amazon Web Services (AWS) platform.