From Nasdaq: 2024-05-19 05:35:00

Amazon (NASDAQ: AMZN) saw a rough 2022 due to rising inflation, but revamped its cost structure. The latest earnings report showed sales growth in double digits and tripled net income, driven by efficiency boosts and dominance in e-commerce and cloud computing. AWS’s performance was stellar, with a $25 billion sales quarter and a $100 billion annual revenue run rate.

Investors are excited as Amazon’s AI investments in cloud computing pay off. With a focus on AI capabilities and infrastructure, AWS reported a 17% rise in net sales and an 84% surge in operating income. This positions Amazon well for the potential AI revolution, with a forecasted $1 trillion AI market by the end of the decade.

Amazon is set for long-term growth with its ongoing dominance in e-commerce and cloud services, while just beginning to monetize AI. Investors may want to consider buying Amazon stock, as it continues to show promise for future growth. The Motley Fool has identified 10 stocks with potential for monster returns, but Amazon didn’t make the list.



Read more at Nasdaq: This Is Massive News for Amazon Stock Investors