Amazon (AMZN) Market Cap of $2.8 Trillion Versus Tesla, SpaceX
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowAmazon (AMZN) currently has a market cap of $2.8 trillion, making it the fifth most valuable company. Combined, Tesla (TSLA) and SpaceX (SPCX) have a market cap of $3.3 trillion. In the latest quarter, Amazon's net sales climbed 20%, its strongest gain in five years, with AWS revenue jumping 37%. Analysts project Amazon will generate $133 billion in net income on $828 billion in sales this year, trading at 21 times projected earnings, making it a potentially attractive investment for ordinary investors.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Amazon.com Inc. (AMZN)
Amazon is the largest U.S. e-commerce retailer and, through Amazon Web Services (AWS), the leading cloud-infrastructure provider, with growing advertising and logistics arms.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Earlier AMZN news
- Amazon (AMZN) Stock Target Increased to $344 with 33% Potential Upside
- AI Investments Reach $700 Billion Amid Investor Scrutiny
- Amazon (AMZN) Custom Chip Business Crosses $25 Billion Run Rate
- Amazon (AMZN) Custom Chip Business Hits $25 Billion Run Rate
- Thiel Macro Invests $118M in Amazon (AMZN) Amid AI Growth
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