Amazon's AWS Backlog Climbed to $496 Billion as Its Cloud Margin Reached 39%. The Stock Is Primed to Skyrocket as a Result.
Amazon Web Services will drive the future of the company.
Overview
When you ask the average person about Amazon (NASDAQ: AMZN), they'll undoubtedly talk about its online store. While that may be the largest consumer-facing segment of Amazon, it's far from the best division. That title belongs to Amazon Web Services (AWS), which has been one of the biggest beneficiaries of the ongoing AI build-out.
AWS' margins are booming, and there's plenty more work ahead. I think that's a recipe for the stock to skyrocket.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.