Missed Out on Amazon? My Best Cloud Stock to Buy and Hold.
Shares of Amazon (NASDAQ: AMZN) have rallied nearly 600% over the past 10 years. Most of those gains occurred after the company started to separately disclose the growth of its cloud business, Amazon Web Services (AWS), in 2015.
That marked a major turning point for Amazon because it revealed that it could subsidize the expansion of its lower-margin e-commerce business with its higher-margin cloud revenue. AWS also remained the world's largest cloud infrastructure platform by a wide margin, and that scale enabled it to generate consistent profits as its closest competitors -- Microsoft's Azure and Alphabet's Google Cloud -- failed to break even.
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Source Fool.com
