Bearish Amazon stock price forecasts continue to weigh down the stock, as new headwinds to the recovery of the tech...
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
Two days from now, Amazon releases its Q2 2020 earnings, and the market is on a limbo already – Amazon...
The Amazon stock price could be in for an interesting week as rumours swirl that the online retailer may soon...
Amazon (NASDAQ: AMZN) stock price has rebounded strongly this year. Since the start of 2023, the stock has been up...
Amazon price ended yesterday at record highs capitalizing the idea that online retail is the big winner from the coronavirus...
Amazon (NASDAQ: AMZN) stock price has been performing quite well for the past few weeks. Our analysis shows that the...
After retesting the $125-$126 demand zone, Amazon stock (NASDAQ: AMZN) price is gaining strength once again. The stock experienced a...
The Amazon share price was lower by 2.5% as the retreat from highs near $2,550 continues. The technical pattern on the weekly chart suggests the potential for further losses.
What is the outlook of the Amazon stock price for 2022? We explain whether AMZN is a good investment and whether you should invest.
The Amazon price continued on the downward trajectory on Wednesday after an SEC filing revealed that CEO of Amazon Web...