Amazon Soars 75% in 2023, Poised for More Growth Ahead With Cloud and E-Commerce Momentum
- Amazon stock soared 75% in 2023, beating the S&P 500 by a wide margin
- E-commerce segment saw margin expansion in North America last quarter to 4.9%
- This margin expansion expected to continue, potentially reaching 10% in 2024
- AWS cloud computing division still growing revenue at 12% year-over-year
- At current valuation, Amazon stock appears cheap given growth potential ahead