Artificial intelligence (AI) is fueling demand for Amazon’s cloud services, with digital advertising becoming the company’s fastest-growing segment. Wall Street predicts modest growth targets for Amazon, but it is expected to join the tech elite soon. The largest U.S. companies now are tech enterprises, led by Nvidia, Microsoft, and Apple. Amazon’s market cap is $2.3 trillion, with growth potential from its various business segments. Despite tariff-related uncertainties impacting its stock, Amazon’s cloud computing segment, AWS, and advertising division are driving growth. AI services and advertising are expected to propel Amazon’s growth to a $3 trillion market cap in the near future.
Read more at Nasdaq: Prediction: This Unstoppable Stock Will Join Nvidia, Microsoft, and Apple in the $3 Trillion Club Before 2028