Founded in 1994 as an online bookstore, Amazon (AMZN) has evolved into a global powerhouse over the past three decades. Today, it is one of the largest e-commerce retailers, a leading provider of cloud services, and a prominent digital entertainment platform.
In addition to its retail operations, Amazon Web Services (AWS) has established the company as a frontrunner in cloud computing, providing scalable infrastructure and services to businesses worldwide.
As of October 2024, Amazon’s stock performance looks like this:
- Market capitalization: $1.96 trillion
- Stock price: $188
- Year-to-date growth: 24%