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Amazon Charging Towards $4 Trillion Market Cap

Amazon Charging Towards $4 Trillion Market Cap

Published 2 days, 1 hour ago
Description

Amazon is rapidly approaching the elite four trillion dollar market cap club, with a thirty-eight percent jump needed to reach it. The companys cloud arm, Amazon Web Services, and booming e-commerce are the main drivers of its growth. AWS leads the pack in cloud computing and is supercharged by AI, with first quarter revenue up twenty-eight percent year over year. Amazons core online shopping is also turning serious profits, with North American and international e-commerce operating income jumping forty-seven percent. Analysts see earnings hitting nine dollars eighty-seven cents by 2027, and with past multiples above thirty-five, a path to four trillion looks solid. Amazons momentum in AI clouds and efficient retail suggests it could crash that four trillion party within the next two-and-a-half years.

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