Is Amazon.com, Inc. (NASDAQ:AMZN) the Hottest Large-Cap Stock Right Now?
Sunday, Jan 5, 2025 10:20 am ET
AMZN --
Amazon.com, Inc. (NASDAQ: AMZN) has been on a tear in recent years, with its stock price soaring and market capitalization reaching astronomical heights. But is it the hottest large-cap stock right now? Let's dive into the data and find out.

Amazon's stock price has been on a rollercoaster ride over the past decade, with a significant upward trend. In 2014, Amazon's stock price was around $300, and by 2024, it had surged to over $2,000. This remarkable growth can be attributed to the company's expansion into new markets, such as Amazon Web Services (AWS) and advertising, as well as its continued dominance in e-commerce.
Amazon's market share in e-commerce has also grown significantly over the past decade. In 2014, Amazon's revenue was $89.0 billion, and by 2023, it had grown to $514.1 billion, representing a 540% increase. During this period, Amazon's net income also rose from a loss of $241 million in 2014 to $30.42 billion in 2023. This growth is attributed to Amazon's expansion into new markets, such as AWS and advertising, as well as its continued dominance in e-commerce.

Amazon's AI and machine learning capabilities have also played a significant role in driving its stock growth. Amazon's investment in AI infrastructure, particularly through AWS, has positioned it as a major player in the AI space. In a recent interview, Jessica Inskip from Stock Brokers highlighted Amazon's edge in AI infrastructure due to its cloud computing platform, AWS (12/30/2024). This advantage has attracted customers like Anthropic, which uses Amazon's Trainium chips to train its AI models, saving costs and boosting revenue for Amazon (1/3/2025).
Amazon's competitive landscape has evolved significantly over the years, with the company facing increased competition in various sectors. However, Amazon has maintained its market dominance through several strategic moves and innovations. Amazon's expansion into new markets and services, investment in technology and innovation, acquisitions and partnerships, focus on customer experience, and adaptation to changing consumer behavior have all contributed to its continued success.

In conclusion, Amazon.com, Inc. (NASDAQ: AMZN) has been a remarkable performer in recent years, with its stock price soaring and market share in e-commerce growing significantly. The company's AI and machine learning capabilities, as well as its strategic moves and innovations, have all contributed to its continued success. While Amazon faces increased competition, it has maintained its market dominance and is well-positioned to continue its growth trajectory. As an investor, Amazon is definitely a stock to consider, but always remember to do your own research and make informed decisions based on your personal financial goals and risk tolerance.