From Nasdaq: 2024-06-17 07:17:00

Amazon (NASDAQ: AMZN) has become a staple in American lives, with its reliable and frequent deliveries. It’s now the most trusted institution in the U.S., ahead of the Supreme Court and military.

With consistent retail sales growth and dominance in the market, Amazon continues to thrive. Last year, it delivered 4 billion packages in the U.S. alone, solidifying its position as the biggest online retailer.

Changes to Prime Video, including the introduction of ads, are set to boost Amazon’s ad revenue. With 200 million monthly viewers, the company is well-positioned to capitalize on targeted ads and additional subscriber revenue.

Amazon Web Services (AWS) remains a dominant player in cloud computing, investing in generative AI. Partnering with Nvidia, AWS aims to provide faster, more secure services to its users, securing its position in the competitive cloud market.



Read more at Nasdaq: 3 Reasons Why Amazon Is a Stock to Buy and Hold Forever