Could Robotics Take Amazon Stock to a $3 Trillion Market Cap?
From Barchart: 2025-06-10 16:34:00
- Amazon reports a 44% increase in net sales for the first quarter of 2021, totaling $108.5 billion.
- The company’s operating income more than doubled to $8.9 billion, surpassing expectations.
- Amazon’s cloud computing division, Amazon Web Services, saw a revenue increase of 32% to $13.5 billion.
- The e-commerce giant’s Prime subscription service now has over 200 million members worldwide.
- Despite the strong financial results, Amazon’s shares fell 5% in after-hours trading due to concerns about future growth.
Read more at Barchart: Could Robotics Take Amazon Stock to a $3 Trillion Market Cap?