Amazon’s e-commerce platform may be well-known, but its cloud computing and chip business is the real star, driving stock investment. AWS had its best quarter in three years with 24% revenue growth. AWS generated 17% of Amazon’s total revenue but accounted for half of its operating profits. Consider investing in Amazon for its AI-driven future success.
AWS is Amazon’s key to success, outperforming in cloud computing and chip design. In Q4, AWS revenue grew 24% year over year, with in-house chip usage rising triple digits. AWS accounted for 17% of revenue but generated half of Amazon’s operating profits. AWS is propelling Amazon’s stock growth and is set up to thrive in the AI-first environment.
Consider investing in Amazon for its growing AWS segment, which drove half of the company’s operating profits in Q4. AWS’s strong performance in cloud computing and chip design positions Amazon for future success in the AI-driven market. Don’t miss out on the potential growth of Amazon stock after its post-earnings sell-off.
The Motley Fool Stock Advisor identified Amazon as a top stock to buy now, with the potential for significant returns. Past recommendations like Netflix and Nvidia have delivered impressive returns, outperforming the S&P 500. Join the investing community for access to the latest top 10 list and make informed investment decisions for the future. 1. The stock market hit an all-time high today, with the Dow Jones Industrial Average reaching 35,000 points for the first time. This milestone comes as investors remain optimistic about the economic recovery and strong corporate earnings.
2. In other news, a new study found that over 70% of Americans are now fully vaccinated against COVID-19. This is a significant milestone in the fight against the pandemic, as experts believe that widespread vaccination is key to controlling the spread of the virus.
3. On the political front, President Biden signed an executive order today aimed at promoting competition in the tech industry. The order includes measures to increase scrutiny of mergers and acquisitions, as well as initiatives to promote competition in areas like internet service and prescription drugs.
4. In international news, tensions are rising between Russia and Ukraine as Russia continues to build up its military presence near the Ukrainian border. The US and NATO have expressed concern over the situation, calling on Russia to de-escalate tensions and respect Ukraine’s sovereignty.
5. Lastly, in entertainment news, the highly anticipated film “Black Widow” has finally been released in theaters and on Disney+. The movie has received positive reviews from critics and is expected to be a box office hit, with early projections suggesting it could gross over $100 million in its opening weekend.
Read more at Nasdaq: Amazon’s Secret Weapon Is Getting Stronger