Amazon (NASDAQ: AMZN) has a market cap of $2.4 trillion, sparking concerns about its expensive stock. However, Amazon Web Services (AWS) is a key growth opportunity. Over the past decade, AWS revenue has surged by over 1,000%, contributing significantly to total company revenue growth of 496%. AWS is projected to continue growing rapidly, especially with increased AI spending.
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Read more at Nasdaq: Think Amazon Is Expensive? This 1 Chart Might Change Your Mind.