Amazon Stock Soars Over 700% in 10 Years With No Signs of Slowing Down
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An investment of $10,000 in Amazon stock in 2013 would be worth over $87,000 today, for a return of 776%. This crushes the S&P 500 and Nasdaq.
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Amazon's revenue has grown over 740% since 2012 due to growth in e-commerce, Amazon Web Services (AWS), and digital advertising.
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E-commerce still makes up most of Amazon's sales. AWS and digital ads are high-growth segments.
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Amazon has leading positions in massive growth markets like e-commerce, cloud computing, and digital ads.
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At current prices, Amazon stock looks inexpensive compared to historical averages and still has growth potential. The long-term outlook is strong.