If the market takes an upward swing, one thing that's likely to happen in 2023 is that Amazon (NASDAQ: AMZN) will become a trillion-dollar company again. It has been there before, with its market cap reaching a high of nearly $1.9 trillion a year ago, back in the heyday of 2021. Its stock is now down 48% since that time, with a market cap of $950 billion. Read More...
Motley Fool
Is Amazon Stock Really a Cheap Buy? Here’s What the Charts Say
Amazon (NASDAQ: AMZN) is one of the best-performing stocks of the past generation, but 2022 has mostly been a disaster for the tech giant. The stock is down 47% year to date, revenue growth has slowed to all-time lows, it’s closed dozens of warehouses after overestimating demand, shuttered once-promising projects like Amazon Care, and just reported that it’s laying off 10,000 corporate employees. While it’s clear Amazon has struggled this year, those challenges seem well-reflected in Amazon’s stock price.
