Why Is Amazon Stock Exploding?

  Why Is Amazon Stock Exploding? We know that there are many investors who believe that they should be Amazon customers first and then become shareholders of the company, but don't be one of those investors who still don't buy Amazon AMZN (NASDAQ) $3.383,13 -0,74 (-%0,02) stock today and have big regrets in the future! Unable to see Amazon's ingenuity and seeing it only sell books, CDs, DVDs and other physical goods since the early days, its loyal customers have never attempted to buy Amazon shares, but today they are banging their heads against the wall. For Amazon Stock, one of The Fool Portfolio's top performers, it's better to be late than never!

It is useful to detail the Amazon Stock!

-Amazon Finally Stole the Gong

Amazon is certainly not a stock that seems cheap to many investors. The paper, which is traded at 4 times its income, is suitable for all weather conditions and maintains its strength despite impacts. Amazon, which continues to shine in all conditions, is now more important than ever!

Why Is Amazon Stock Exploding?

You ask why?

Net sales grew 38 % in 2020, the fastest growth in nine years. At the time of the pandemic, many people were ordering home security, groceries and many other retail products through the Amazon platform. In addition to Prime video and music content, Audible audiobook broadcasts have also started to attract attention. All roads led out of the empire Jeff Bezos left behind, but the company faced quite a few challenges as it walked the path. Amazon is a company that emerged from the great recession in 2001 and 2008 with double-digit growth figures in its 21-year period. More than just an internet retailer stake, of course, Amazon dominates the cloud market with Amazon Web Services (AWS). Amazon, which has started to produce streaming digital content in recent years, has broken its mold and has successfully entered the game.  

Source: The Motley Fool

 

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