3 Reasons I'll Never Sell Amazon
I accumulated most of my position in Amazon (NASDAQ: AMZN), the world's largest e-commerce and cloud platform company by revenue, roughly five years ago for an average purchase price of $630. It's been a big winner since then, with a gain of nearly 400% -- but I don't plan to ever sell my shares, for three simple reasons.
Amazon's most important business isn't its consumer-facing e-commerce marketplaces. It's AWS (Amazon Web Services), the cloud infrastructure platform it launched nearly two decades ago.
AWS provides cloud storage and computing power to a massive list of clients like McDonald's and Verizon, and controlled 32% of the global cloud infrastructure market in the fourth quarter of 2020, according to Canalys. Its closest competitor, Microsoft's Azure, held a 20% share.
Source Fool.com
