Investors Are Overlooking Amazon's Next $50 Billion Dollar Idea
There's no question that Amazon (NASDAQ: AMZN) was one of the catalysts for the worldwide e-commerce revolution, but also one of the biggest beneficiaries of the trend. Since its IPO in 1997, Amazon has been one of the market's best-performing growth stocks, surging more than 195,000%. Last year alone, the e-commerce giant's stock jumped 76%, propelled higher by massive pandemic-fueled growth in online retail.
Amazon Web Services (AWS) began as a way to help third-party merchants create an online store on top of its existing e-commerce technology. What emerged gradually became Amazon's largest profit center, representing nearly 12% of revenue in 2020 and 59% of operating profits.
The company has another Trojan horse that has flown under the radar of most investors. Amazon has been slowly perfecting this revolutionary technology, which could represent a significant -- and potentially lucrative -- opportunity.
Source Fool.com
