The widespread adoption of artificial intelligence (AI) across industries and the resurgence of the cryptocurrency market—driven by the launch of spot Bitcoin (BTC) exchange-traded funds (ETFs)—have propelled many stocks to record-breaking heights in 2024.
Though nowhere near 2024's biggest stock market winners, such as Nvidia (NASDAQ: NVDA), the e-commerce and technology giant Amazon (NASDAQ: AMZN) recorded a strong year.
E-commerce leader Amazon (AMZN -0.86%) trounced the market in 2024, with its share price climbing 45% compared to the S&P 500's (^GSPC -0.43%) 24% gains (as of this writing). Meanwhile, Home Depot's (HD -0.11%) shares struggled, gaining just 12.4% for the year amid a slowdown in DIY home improvement spending.
Amazon's shares have surged 79.9% since my October 2023 'Buy' recommendation, outperforming the S&P 500's 40.8% gain. Recently, AMZN's North America segment saw an 8.7% revenue increase and a 31.5% rise in operating profits, driven by higher unit sales and advertising. The international segment turned profitable, with a $1.30 billion profit in Q3 2024, up from a $95 million loss in Q3 2023.
Explore the exciting world of Amazon (AMZN -0.86%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
E-commerce pioneer Amazon (AMZN -0.18%) belongs in the small handful of stocks I'd consider buying at any time. At the same time, master investors like Warren Buffett insist that even great companies should be bought only at reasonable prices.
Amazon soars 45.6% in 2024, powered by AWS & AI. Strong financials and market innovation make AMZN worth buying for 2025 investors seeking tech growth.
There aren't too many stocks on the market that have gained 230,000% since their initial public offerings, especially without dividends and in less than 30 years. But the stocks that have done it are usually global giants that are settling down into value territory and starting up dividends.
Over the last two years, no trend has put more pep in Wall Street's step than the rise of artificial intelligence (AI). The ability for AI-driven software and systems to grow more proficient at their tasks, as well as evolve to learn new jobs without the need for human intervention, gives this technology a virtually limitless long-term ceiling.
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To say that Amazon.com (AMZN -1.45%) has been a successful investment over the years would be a major understatement. Since it went public in 1997, Amazon has delivered a 233,100% gain for investors.