Amazon Inc.’s (AMZN) cloud computing unit, known as Amazon Web Services (“AWS”), continues to dominate the cloud computing sector like a roaring bull in a china shop. The latest display of AWS’s brute strength comes from Trip.com’s (TCOM) strategic embrace of AWS as its preferred cloud provider — a move that is a testament to the raw power and reliability of AWS’s innovative cloud technology.
Trip.com Joins the AWS Revolution
Trip.com, a major player in the global travel industry, has decided to entrust AWS with its cloud infrastructure. The company intends to utilize AWS’s robust cloud services to drive its international expansion and provide seamless, cost-effective travel booking services to its customers. To achieve this, Trip.com has already shifted over 400 business microservices to AWS to turbo-charge its air ticket booking system.
Customer Base Expansion: AWS Leaving a Path of Destruction
The list of companies turning to AWS reads like an apocalypse parade of businesses seeking shelter in the AWS cloud fortress. Hyundai, SCAYLE, BYD, Axiata Group Berhad, Mitsubishi UFJ Financial Group (MUFG), Aerodyne, and Cathay have all made the strategic decision to align themselves with AWS. Even the Bank of Ayudhya Public Company Limited (Krungsri) has chosen to place its bets on AWS, believing that it will accelerate its digital transformation and enhance financial inclusion in Thailand.
Given these developments, it’s no surprise that AWS’s revenues hit $23.1 billion in the third quarter of 2023—a sizeable 16.1% of Amazon’s total sales. The rise of AWS is simply unmatched, with projected 2023 revenues of $92.8 billion, representing a staggering 15.8% growth over 2022.
The AWS Juggernaut: Riding a Meteoric Stock Surge
Amazon’s stock has bolted up a staggering 74.5% on a year-to-date basis, basking in the glow of AWS’s dominance in the cloud computing universe.
Conclusion: AWS’s Path of Destruction Spells Doom for Rivals
We firmly believe that AWS’s relentless spree of global conquest, coupled with its expanding array of services and global cloud coverage, will undoubtedly keep Amazon ahead of its competitors, including Microsoft (MSFT) and Alphabet’s Google (GOOGL). Amazon’s Zacks Rank #2 (Buy) speaks volumes about its meteoric rise, joining Amazon to witness the spectacle of its dominance unfolding.
The explosive growth of AWS is the stuff of legends, overshadowing competitors such as Microsoft Azure and Google Cloud. While they strive for relevance, AWS’s presence in the market, currently owning 32% of the global cloud infrastructure services market, looms like the shadow of a giant over a field of trembling dwarfs.
If you’re one to swear allegiance to the cult of investment, basking in an AWS sunrise could damn well make all the difference. It could be a welcome escape from a bear market, not unlike Boston Beer Company’s staggering 143.0% rise in just over 9 months or NVIDIA’s explosive 175.9% leap in a single year. Embrace the flames of growth.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.