Amazon's stock surged 44.4% in 2024, benefiting from the AI revolution and strong financial performance.

From Nasdaq: 2025-01-11 09:00:00

In 2024, Amazon’s stock surged 44.4%, part of the “Magnificent Seven” tech stocks benefiting from the AI revolution. While initial concerns about falling behind in AI were raised, Amazon made significant strides in AI cloud services, including investments in Anthropic totaling $8 billion and collaborations with AWS for future AI models.

Financially, AWS revenue grew 19% in Q3, with operating margins expanding to 38.1%. E-commerce segments also saw growth, with North America and International operations expanding margins. Amazon’s resilience and focus on long-term returns make it a solid investment choice, despite trading at 35 times earnings expectations.

Investment opportunities like “Double Down” stock recommendations offer potential for significant returns. Companies like Nvidia, Apple, and Netflix have seen substantial gains from past recommendations. With new alerts for three companies, this may be a rare chance to capitalize on future growth opportunities.



Read more at Nasdaq: Why Amazon Rallied 44.4% in 2024