Trading for $102 a share, Amazon (NASDAQ: AMZN) stock is down substantially from its all-time high of $186, reached in late 2021. While e-commerce has carried Amazon for the last two decades, its cloud computing business, Amazon Web Services (AWS), is arguably the bigger story right now. While AWS represents less than 20% of Amazon's revenue, it generates the majority of operating profits. Read More...
Trading for $102 a share, Amazon (NASDAQ: AMZN) stock is down substantially from its all-time high of $186, reached in late 2021. While e-commerce has carried Amazon for the last two decades, its cloud computing business, Amazon Web Services (AWS), is arguably the bigger story right now. While AWS represents less than 20% of Amazon’s revenue, it generates the majority of operating profits.
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