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investors are advised to adopt a long-term investment strategy, focusing on high-quality businesses. One notable example is Amazon (NASDAQ: AMZN), which, since its IPO in May 1997, has delivered a staggering 217,000% return, turning an initial $1,000 investment into nearly $2.2 million.
In 2024, Amazon generated $650 billion in revenue and has a market capitalization of $2.3 trillion. The company projects a revenue increase of 9.5% annually from 2024 to 2027. By 2024, diluted earnings per share rose to $5.53, recovering from a loss of $0.27 in 2022.
While Amazon will not replicate its past growth, it remains a significant player due to its continued innovation and expansion into areas like automotive sales and cloud services. Current valuations show a forward price-to-earnings ratio of 34.3.
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