Amazon Revenue Snapshot: Another Shot in the Dark?
Estimated read time: 3 min
Amazon (AMZN) – Get a free report investors may have started 2023 with a different feeling than the bitter uncertainty they most likely felt at the start of 2022.
Last year, the stock market was widely expected to plunge amid the Fed’s interest rate hikes. The only question was: Could Amazon (primarily the almighty AWS) prove to be a recession proof company? Short answer: no. Long answer: 1 trillion times no.
Yet the sentiment in 2023 is the opposite. The company has bled enough and hungry sharks seem to believe the Seattle giant is trading at a discount with shares up 17% year-to-date.
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