Tech giant Amazon.com Inc's NASDAQ: AMZN shares surged 8% on Monday, hitting their highest level since March and continuing a sharp rebound off the April lows. The stock is now up nearly 30% in just a few weeks and has reclaimed the $200 level—a threshold that's quickly looking like it may become a permanent floor.
A surprising thaw in US-China trade relations sparked significant optimism on Wall Street Monday. This positive development, coupled with lower recession odds, sets up a bullish long-term outlook for investors.
Amazon on Monday said its Prime Video streaming service with ads reaches more than 130 million U.S. customers monthly on average, an increase of 15 million people from 2024.
Internet Retail Industry | Consumer Cyclical Sector | Mr. Jeffrey P. Bezos CEO | BVL Exchange | US0231351067 ISIN |
US Country | 1,551,000 Employees | - Last Dividend | 6 Jun 2022 Last Split | 15 May 1997 IPO Date |
Amazon.com, Inc. is a multinational conglomerate that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It was founded in 1994 and has its headquarters in Seattle, Washington. Amazon has established itself as a leader in the online retail world, providing an extensive range of consumer products, advertising solutions, and subscription services. The company operates on a global scale, with key market segments in North America and International territories, along with its Amazon Web Services (AWS) sector, which offers advanced cloud computing solutions. Amazon's mission encompasses the retail sale of consumer products and services through online and physical outlets, manufacturing of electronic devices, content production, and provision of a platform for sellers, content creators, and developers.