What started as a simple bet on online shopping and related e-commerce services has grown into a dual play on digital retail and cloud computing. Cloud services grew out of Amazon's easy access to massive amounts of computing power, turning a bit of idle hardware into a massive profit center. Amazon Web Services, as the cloud-computing division is known, generated $7.3 billion of operating profits in 2019. Read More...
2 Stocks That Could Set You Up for Life
What started as a simple bet on online shopping and related e-commerce services has grown into a dual play on digital retail and cloud computing. Cloud services grew out of Amazon’s easy access to massive amounts of computing power, turning a bit of idle hardware into a massive profit center. Amazon Web Services, as the cloud-computing division is known, generated $7.3 billion of operating profits in 2019.
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