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Key Financial Insights
Amazon (NASDAQ: AMZN) has a market capitalization of $2.7 trillion and is expected to become the world’s largest company by revenue this year. The company reported an acceleration in growth across its online stores, digital advertising, and cloud computing segments last quarter. Recently, Amazon announced a $38 billion deal with OpenAI, expanding collaboration on AI technologies via Amazon Web Services (AWS). With e-commerce projected to grow at double-digit rates within a $32 trillion market, and a new satellite-based broadband service launching at the end of this year, Amazon continues to focus on reinvestment for growth.
Vita Coco (NASDAQ: COCO), leading the coconut water market with 42% share in the U.S., has a market cap of $2.3 billion. The company reported a 37% revenue growth last quarter, with its core brand achieving 42% growth. The coconut water category grew 22% YTD in the U.S. and 32% in the U.K., indicating a shift from niche to mainstream consumption.
On Semiconductor (NASDAQ: ON) specializes in power and sensing chips, holding a 35-40% market share in silicon carbide chips. Their data center segment is projected to grow to $250 million this year, doubling last year’s revenue. Despite a downtrend in overall profits due to market conditions, recent quarter-on-quarter growth indicates a potential recovery, with shares currently trading at 22 times this year’s earnings estimates.
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