Prediction: Amazon Stock Will Soar Over the Next 5 Years. Here's 1 Reason Why.
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Amazon's stock is predicted to soar over the next five years, driven by its leading position in cloud computing through Amazon Web Services (AWS). AWS sales grew 17% year-over-year, contributing 63% of the company's operating income. With a 30% market share, Amazon is investing heavily in AI and is poised to benefit from the anticipated shift to cloud services, as 90% of companies are expected to adopt a hybrid cloud approach by 2027. This positions Amazon to capture significant market spend, reinforcing its growth potential.
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