3 Things About Amazon That Smart Investors Know
Amazon's (NASDAQ: AMZN) stock has soared about 55% since Jan. 1, rallying based on its increasing potential in artificial intelligence (AI) and a recovering e-commerce business. The company has had a rocky couple of years as 2022's economic downturn caused steep declines in its online retail sales and slowed revenue growth in its cloud platform Amazon Web Services (AWS).
However, the first quarter of the year brought its North American segment back to profitability, and its international segment reported improvements.
Meanwhile, Amazon doubled down on its AI efforts in the first half of 2023, making major investments in India's booming cloud market and expanding into chip production. The company may have stumbled last year, but its stature in tech, as well as its vast resources, allowed it to stay profitable, proving its resilience.
Source Fool.com
