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Amazon (NASDAQ: AMZN) is highlighted as a leading investment opportunity, driven largely by its cloud computing division, Amazon Web Services (AWS), which contributed 63% of the company’s operating income in Q1 2024, despite making up less than 20% of its total revenue. The global cloud market is projected to triple by 2030, potentially increasing AWS revenue from $107.6 billion to around $342 billion within that timeframe.
If AWS maintains its current operating margin, it could add approximately $87 billion in annual operating income, significantly impacting Amazon’s overall profitability. This projection underscores the strong growth potential of Amazon’s cloud business relative to its retail operations.
Though Amazon is a strong candidate for investment, analysts from the Motley Fool’s Stock Advisor recently listed ten other stocks, not including Amazon, that they believe could yield substantial returns. Their historical recommendations have proven highly profitable, suggesting investors consider a diverse range of options.
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