Amazon: The Rough Path Towards Profitability

Summary:

  • Amazon.com, Inc.’s share price performance continues to disappoint relative to the broader equity market and other growth stocks.
  • As revenue growth slows down, the market is repricing the stock to be more in-line with the achieved profitability.
  • Pure-play companies in the cloud space are likely to remain a far better choice for investors.

Amazon Prime delivery van on the street

georgeclerk

After years of spectacular returns, Amazon.com, Inc.’s (NASDAQ:AMZN) stock is no longer the exciting growth story that delivers above-market returns. Since April 2022, AMZN delivered a total return of only 16% while the S&P 500 and the Invesco QQQ


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