Amazon Makes 3 Groundbreaking Announcements This Week That Hint at Its Future Growth Plans
Amazon (NASDAQ: AMZN) has been a big winner for early investors, with the stock soaring more than 147,000% since its IPO. In recent years, however, fears of slowing growth and limited expansion opportunities have weighed on the stock, which is still down 22% from its pandemic-era peak.
In 2022, Amazon's net sales increased just 9% year over year, while its operating income was cut in half. While the results were undoubtedly affected by the economic downturn, that offered little solace to investors who feared its growth story was waning.
However, recent announcements by Amazon hint at several significant opportunities beyond its core e-commerce and cloud infrastructure businesses. And the evidence suggests the company's growth is far from over.
Source Fool.com
