Jeff Bezos Was Time Magazine's Person Of The Year In 1999: If You Invested $1000 In Amazon Then, Here's How Much You'd Have
Portfolio Pulse from Rounak Jain
Jeff Bezos, founder of Amazon.com Inc. (NASDAQ:AMZN), was Time Magazine's Person of the Year in 1999. Since then, Amazon's stock has increased by 3,683%, turning a $1,000 investment into $37,823.11. Amazon expanded from books to various products and launched AWS, now the largest cloud services provider. Amazon is investing in AI with a $4 billion commitment to Anthropic. Analysts at Wedbush predict significant future revenue for AWS and Amazon's advertising.
December 26, 2023 | 6:00 pm
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Amazon's stock has seen a significant increase since 1999, and the company continues to expand its services and invest in new technologies like AI. Analysts predict strong future revenues for AWS and Amazon's advertising business.
The historical performance of Amazon's stock suggests a strong upward trajectory, and the company's ongoing investments in AI and cloud services indicate a commitment to future growth. Analysts' positive outlook on AWS and advertising revenue streams further support a likely increase in stock value in the short term.
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