The Amazon stock (NASDAQ: AMZN) price is up by 18 percent in the first four weeks of the year. In yesterday’s...
Amazon Price
Amazon.com Inc. is an American eCommerce company founded in 1994 by Jeff Bezos as an online book retailer. The company has since expanded to stock almost everything that a person could buy from a traditional brick-and-mortar retailer such as Walmart.
The company has since become the leading global retailer with a market capitalization of over $1.66 trillion compared to Walmart’s $398 billion valuations.
Amazon Web Services
Amazon.com has since expanded its operations into the cloud computing market and was an early adopter of the technology. The company enjoys a significant lead in the cloud computing market via its Amazon Web Services division, which generates almost 15% of Amazon’s total revenues.
Amazon Web Services leads the cloud computing market with approximately 41% market shares compared to other tech companies such as Microsoft and Google. The division’s revenues keep growing each quarter cementing the firm’s leading position.
Jeff Bezos, Amazon.com’s founder has recently taken a back seat after appointing a new CEO for the firm. However, he will retain his position on the company’s board as its chairman.
Blue Origin
Jeff Bezos also has a space exploration company known as Blue Origin, which is focused on sub-orbital spaceflight. The company aims to make space travel cheaper via reusable launch vehicles, but faces stiff competition from Elon Musk’s SpaceX.
Is Amazon.com a good investment?
Yes, Amazon.com is a good investment given that it commands a healthy lead both in the eCommerce space and in the cloud computing sector. The two businesses complement each other with Amazon Web Services providing the company with significant cash flow even as competition in the eCommerce industry heats up.
Amazon share price news
The Amazon stock (NASDAQ: AMZN) price is up by 14 percent this month, reversing a bearish trend that had resulted...
Amazon is up by 13 percent in the first 12 days of 2023. The aggressive bullish trend follows a long-term...
Amazon dropped by almost 3 percent during yesterday’s trading session, continuing an aggressive bearish trend that has seen its value...
The Amazon share price has been on a strong downward trajectory throughout the year, dropping by over 45 per cent...
For the past month, we have started to see Amazon stock coming to life again. However, the company is still...
Amazon stock price has had one of its worst performances in more than a decade. The stock has crashed by...
The Amazon share price is trading lower in premarket trading after several US lawmakers have asked the US competition regulator...
Amazon’s stock price dropped by 1.52 per cent in yesterday’s trading session, continuing a strong bearish trend that has persisted...
The Amazon share price has found strong support at $101. On Tuesday, the AMZN stock jumped sharply and ended the...