Amazon (AMZN -1.92%) offers some of the most popular products and services on the market, with a customer base ranging from individual consumers and small merchants to large enterprise clients and even government contracts. As a leader in the tech sector, its shares have rewarded investors over the years.
A $10,000 investment in this FAANG stock a decade ago would be worth $87,600 today. That’s a remarkable return of 776%, a gain that crushes both the S&P 500 and the Nasdaq Composite by an insanely wide margin. Let’s understand the key factors that are propelling Amazon. And then, investors can assess the current situation to figure out if the stock is a buy right now.
Multiple growth engines
Amazon’s shares have soared due to impressive revenue growth. The company’s 2022 sales of $514 billion were a whopping 741% higher than in 2012. Even through the first six months of…
