Amazon share price consolidates in a pennant formation for almost a month now. It rallied to $3,200 before the pennant,...
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
Amazon (NASDAQ: AMZN) stock price has been rallying since its March 2023 lows. The stock of the tech giant has...
Amazon dropped by almost 3 percent during yesterday’s trading session, continuing an aggressive bearish trend that has seen its value...
Amazon stock ended yesterday 4.35% higher at 2,878.70, making fresh record highs as sales jumping as more and more consumers...
The Amazon share price is trading lower in premarket trading after several US lawmakers have asked the US competition regulator...
Following bumper earnings, the Amazon share price was once again back above $3,500, setting a new record of $3,552.84 before...
Amazon’s share price fell 2.86% on Thursday after the stock market saw further losses. The tech-heavy Nasdaq was the biggest...
Amazon share price may be higher today, but it is battling significant headwinds after it peaked at 3551.77. The company...
Amazon (NASDAQ: AMZN) share price had a 0.55% rebound on Thursday and closed the day at $128.91. The company released...
Amazon started with a gap up the session after a stellar earnings report released yesterday after the closing bell. The company reported 2Q profit of $5.2 billion, or $10.30 a share, smashing the market consensus of $1.75