From Nasdaq: 2024-05-11 07:15:00

Amazon’s stock is at an inflection point under new CEO Andy Jassy, focusing on profitability and cloud computing. With a transformation in sight, investors should take notice of Amazon’s generational tipping point.

Amazon’s core e-commerce segment is thriving, but it’s the businesses built around it that are truly exciting. From third-party seller services to advertising, the real gem is Amazon Web Services (AWS), though facing increased competition from Azure and Google Cloud.

Despite some competition, AWS revenue rose 17% in Q1, showcasing significant growth potential for Amazon. With all segments showing profitability and growth, Amazon’s stock may be pricey at over 40 times earnings, but its performance justifies the valuation.

Amazon’s current growth trajectory indicates a bright future, attracting investors despite the stock’s high price. This potential inflection point for Amazon could see its profits outpacing its revenue growth, signaling a positive outlook for the stock.



Read more at Nasdaq: Amazon Stock Is at an Inflection Point. It’s Time to Buy the Stock Like There’s No Tomorrow.