Amazon.com, Inc. (NASDAQ: AMZN) engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content. In addition, the company offers programs that enable sellers to sell their products in its stores; and programs that allow authors, independent publishers, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, it provides compute, storage, database, analytics, machine learning, and other services, as well as advertising services through programs, such as sponsored ads, display, and video advertising. Additionally, the company offers Amazon Prime, a membership program. The company’s products offered through its stores include merchandise and content purchased for resale and products offered by third-party sellers. It serves consumers, sellers, developers, enterprises, content creators, advertisers, and employees. Amazon.com, Inc. was incorporated in 1994 and is headquartered in Seattle, Washington.
Company Overview
- Market Cap: 1.906 Trillion
- PE Ratio: 51.30
- EPS: 3.57
- Average Analyst Rating: 1.7 Buy
- 302 Hedge Fund holders in this stock
Amazon owns AWS (Amazon Web Services), the world’s largest cloud infrastructure platform, which powers hundreds of thousands of companies across 190 countries. AWS controlled 31% of the cloud infrastructure market in the first quarter of 2024 and followed by a 25% share for Microsoft’s Azure and 10% for Alphabet’s Google Cloud. AWS is also the only leading platform that generates concrete operating profits. Microsoft doesn’t disclose Azure’s exact revenue or operating profits, while Google Cloud remains deeply unprofitable. AWS generated $25 billion in revenue, which represented a 17 percent sales increase year over year. AWS reported operating income of $9.6 billion, making this division Amazon’s most profitable business. In conclusion, AMZN is the best cloud computing stock to own for long term investment.