Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Amazon (AMZN) Bolsters AI Push with AU$750M Robotics Fulfillment Center in Australia
E-commerce and cloud computing giant Amazon AMZN +0.39% ▲ has announced plans to invest AU$750 million in building a new robotics fulfillment center in Brisbane, Queensland. The move comes as the company is enhancing its retail business and boosting productivity by adopting artificial intelligence (AI).
Claim 70% Off TipRanks Premium
Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential
Amazon to Enhance Operations with New Robotics Fulfillment Center
Amazon aims to complete the construction of its new robotics fulfillment center in Brisbane by 2028. The center will be capable of processing more than 125 million packages per year.
The company stated that its robotics fulfillment center will be one of the largest warehouses ever built in Queensland, with a capacity to hold 15 million of the smaller items sold on its Australian e-commerce website, such as pantry staples, beauty products, electronics, and toys.
Amazon stated that the new robotics center will support 1,000 local jobs once fully operational. The company has bolstered its position in Australia through continued investments, giving tough competition to Coles COL -0.68% ▼ and Woolworths WOW +1.50% ▲ .
Citing Amazon Australia’s director of operations, Wayne Angus, the Australian Financial Review noted that the company has invested $25 billion in warehouses and data centers since it launched its cloud unit Amazon Web Services (AWS) in the country in 2011, followed by its retail business in 2017.
What Is the Price Target for AMZN Stock?
Given strong demand for the company’s AWS cloud unit amid the ongoing AI boom, Wall Street is bullish on Amazon stock and has a Strong Buy consensus rating based on 40 Buys and three Holds. The average AMZN stock price target of $279.88 indicates about 31% upside potential.
Disclaimer & DisclosureReport an Issue