1/18/2024 0 Comments Amazon robotics agvs contavt infiHowever, Microsoft and Google have been gaining on Amazon in this space. ( BABA) ( IBM) ( CRM) ( ORCL) ( OTCPK:TCEHY) You can see the recent worldwide cloud market share in the following graphic. Amazon Web Service (“AWS”), Despite CompetitionĪmazon Web Service is the leader in the cloud market because Amazon had the foresight to recognize the massive secular opportunities ahead of the traditional big boys, like Microsoft, Google and others (and because Amazon had an infrastructure head start via its online marketplace). So with that high-level backdrop in mind, let’s get into the four big factors that we see driving growth for Amazon in 2024 and beyond. And while that part of its business generates the majority of its revenues (84%), basically all of the profits come from its cloud-data hosting service (Amazon Web Services, AWS), which makes up only 16% of the revenues. Many people think of Amazon as the website where you search for whatever you want, click “buy,” and then it shows up at your home or office some days later. Next, we’ll take a closer look at one of the magnificent 7 stocks in particular, Amazon. an unusually large percentage of individual stocks (72%) underperformed the S&P 500 because the gains were dominated by the “magnificent 7” representing ~one-third of the total market cap). Also worth mentioning, you can see how they compare on various valuation metrics, such as price-to-earnings and price-to-sales, but there is always more to the story than just those numbers (more on this later).Īlso, for a little more perspective, here is a look at just how lopsided performance was in 2023 (i.e. You’ll also notice in the table above that Wall Street’s consensus rating for all of these stocks is significantly better than the S&P 500 (note: a 1.0 rating is a “strong buy” whereas a 5.0 rating is a “strong sell”). ( AAPL) ( MSFT) ( GOOGL) ( GOOG) ( NVDA) ( META) ( TSLA) They all dramatically outperformed the S&P 500 for the year, but this comes after a weak 2022 (see the 2-year total returns column). The Magnificent 7įor some perspective, here is a look at the performance of the Magnificent (they are ranked by market cap in the table). We conclude with our stern opinion on investing in Amazon (and the Magnificent 7) in 2024, especially as compared to non-mega-cap growth stock opportunities. In this report, we rank each of the Magnificent 7 stocks for 2024, with a special focus on Amazon ( NASDAQ: AMZN ) (including an update on its business, its four big growth opportunities, valuation and risks). "The Magnificent 7”) were up ~100%, on average (see table below). The “S&P 493” (roughly two-thirds of the index, by market cap) was up 20.3% (on average), while the seven largest mega-cap stocks (i.e. The slow, subtle light transitions were mesmerizing-we could have stared at it all day.Amazon: Ranking the Magnificent, Blue HarbingerĢ023 was largely a tale of two markets. Here are some of the most innovative things we found while roaming the halls of the Amazon Robotics facility in Westborough, Massachusetts.Ī nod to Amazon’s innovation mindset greeted us in the lobby, where a digital art display of black metal rods and circular lights spanned a wall behind the reception desk. On the inside, you’ll find roboticists, technicians, and a host of other employees working on cutting-edge robots that will operate in fulfillment centers around the world-making it easier and safer for employees to fulfill customer orders.Īmazon recently invited nearly 100 reporters inside the facility for a rare look at the research and projects going on inside, and our team tagged along. From the outside, the facility looks like any other building in the area. Tucked away in a small suburb on the outskirts of Boston, an Amazon Robotics facility serves as the unassuming birthplace of some of the company’s most exciting technologies.
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