What's Going On With Amazon.Com Stock Friday?

Amazon.com, Inc AMZN had a very eventful year resplendent with a grocery business overhaul, integration of artificial intelligence technology in logistics, and the development of AWS's custom silicon chips - AWS Trainium - for AI training and AWS Inferentia for AI inference.

Also, beginning in 2024, U.S. consumers can purchase Hyundai cars online via Amazon.

Meanwhile, the company has been encouraging employees to return to their regular office routines.

Amazon enforces a policy mandating employees to work in the office for at least three days a week, and those who do not comply may face promotion challenges, CNBC reports, citing the company's internal website posts. 

Managers have the duty of advancing employee careers and ensuring they adhere to office attendance rules. Amazon's HR department actively oversees this policy's compliance during promotion assessments.

Employees had earlier staged walkouts to protest the return to work policy, including circulating internal petitions in protest of the policy.

CEO Andy Jassy sees a more robust company culture and collaboration between employees once they resume everyday office life instead of remote work.

At the same time, the conglomerate remains in fierce competition with Microsoft in the battle for supremacy in cloud computing, while also enticing customers with holiday season bargains.

Amazon has also utilized AI technology to combat fake reviews, helping it maintain a trustworthy shopping experience. 

The stock has gained 66.4% YTD.

Price Action: AMZN were up 0.9% to $144.20 at last check Friday.

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