Few companies have experienced greater long-term success than Amazon. It was a darling of the dot-com boom, but its shares briefly fell into the single digits after the tech bubble burst.
However, over time, Amazon orchestrated a recovery as it dramatically increased its merchandise selection and made an early move into cloud computing. These shifts helped to make Amazon one of the largest public companies in the world. Consequently, its market cap has grown to about $1.6 trillion, and its current share price of about $3,200 per share is a far cry from its low point in the dot-com bust.
Indeed, this retail stock has a history of defying its naysayers. While it’s difficult to accurately predict the state of Amazon in 2030, its financials and continuing growth in cloud computing bode well for the company’s future.
With the company firing on all cylinders, Amazon appears to remain