Amazon: 2023 Profit Surge Is Just The Beginning


  • Amazon closed 2023 on a strong note, which I expect to continue in 2024.
  • Increasing utilization of streaming assets for advertising, uptick in cloud migrations and AI/ML-based new revenue streams could fuel the continued rise in profits.
  • In light of strong growth prospects, current valuation of shares seems overly conservative.

Abstract flowing data ramp.

Andriy Onufriyenko/Moment via Getty Images

Introduction and Investment thesis

First, I’ve covered Amazon (NASDAQ:AMZN) on SA at the beginning of January last year (Amazon: My “Margin-Call”), where I took a deep dive into the company’s margin

Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Leave a Reply

Your email address will not be published. Required fields are marked *