Amazon Stock Surge
Amazon (NASDAQ: AMZN) has gained 50% in stock value over the past year after four years of stagnation. As of now, the company is focusing on innovation and significant investments in robotics and cloud computing, particularly with its Amazon Web Services (AWS), which has become its largest segment by profitability.
Strategic Investments
Amazon is expanding its technological capabilities, having developed its own custom chips, including the Trainium and Graviton. The Trainium chips are enhancing services for AI company Anthropic, while Graviton positions Amazon favorably given the current data center CPU shortage. Additionally, Amazon is working on a low-orbit satellite network for providing satellite internet services and has agreed to acquire Globalstar to expedite this effort.
