Amazon (NASDAQ: AMZN) became a trillion-dollar company for the first time in September 2018, nearly doubled in value to $1.9 trillion in July 2021, but it's now only worth $1.3 trillion. The e-commerce and cloud giant struggled over the past two years as macro headwinds throttled consumer purchases and forced companies to rein in their software spending.

Those challenges caused Amazon to underperform all of the other FAANG stocks over the past two years, but could its market cap grow more than 50% again to join Apple and in the $2 trillion club by 2030? Let's take a bird's-eye view of Amazon's strengths and weaknesses to find out.

Image source: Amazon.

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Source Fool.com