Both Shopify and Amazon are major players in the e-commerce industry, excelling in their respective businesses and leading the market. They have each created numerous millionaires and continue to attract investors due to their popularity and success.
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Shopify is a newer and more prominent stock that has increased by almost 3,000% since it went public. In comparison, Amazon has seen a growth of about 730% during the same timeframe; however, Amazon has surged by a substantial 184,000% since it first became a publically traded company, a number that is hard to fully comprehend.
In the past year, Amazon stock has performed better than Shopify, with a 19% increase in 2024 compared to Shopify's stagnant performance. While Shopify may still have potential, Amazon is a consistently successful company with ample opportunities for growth.
<h2>Amazon has endless opportunities</h2>
Amazon is the leading company in the rapidly growing sectors of e-commerce and cloud computing. E-commerce is increasing its share of retail sales, and Amazon has a significant advantage in this area, accounting for nearly 40% of all e-commerce sales in the United States. By focusing on fast deliveries and offering a wide range of products, Amazon is solidifying its position as the preferred retailer for its large Prime membership base.
E-commerce continues to be the main source of revenue for the company, generating more income than its other divisions. Amazon Web Services (AWS) is also crucial for two reasons: it contributes over half of the company's operating income while accounting for a relatively small percentage of revenue (14% in the fourth quarter), and it presents a substantial market opportunity. Although AWS had been growing at a faster rate than the overall business, its sales growth has slowed down due to clients reducing their spending in the current inflationary environment. However, the company's management believes this trend is starting to change and has been securing new deals with major clients such as Merck and Hyundai.
Amazon incorporates artificial intelligence (AI) across all of its operations, with a particularly vast potential for generative AI within AWS. The company stands as a leading figure in this field and provides a diverse and competitive range of tools that have the capacity to significantly impact clients. An illustrative case is Accor S.A., a hospitality firm that harnessed Amazon Bedrock and Amazon SageMaker to develop a generative AI travel assistant, boosting booking rates and simultaneously diminishing call volumes.
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Amazon is unexpectedly becoming more present in various areas. The company now allows third parties to use its Buy With Prime feature to access Amazon's payment and shipping networks on their own websites. Additionally, Amazon is also increasing its use of drones for deliveries.
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Amazon expanded its streaming services with the purchase of MGM Studios, allowing for the release of full-length films in theaters. This move increased the number of available titles in its content library significantly. Additionally, Amazon now offers both ad-supported and ad-free streaming options like other major premium networks.
Amazon is actively expanding its presence in the healthcare industry, particularly after acquiring One Medical. Prime members have the option to include One Medical access in their memberships for a monthly fee of $9 or an annual fee of $99, with an additional charge of $6 per month for each family member. CEO Andy Jassy expressed optimism about the potential for Amazon to play a role in transforming various aspects of healthcare, such as wellness and nutrition.
Amazon's advertising business is experiencing rapid growth and holds great potential for further expansion. The company has introduced AI tools that help advertisers create visually appealing lifestyle images to increase engagement and drive conversions. Amazon's advertising options are diverse, including placements on its popular shopping site and ad-supported streaming service, setting it apart from its competitors.
Amazon continues to innovate and grow, with the potential for even more developments in the future. The company's stock has seen a significant increase over the last year, leading to the possibility of more individuals achieving wealth through its success in various industries.
Is investing $1,000 in Amazon a good idea right now?
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<p>Before you buy stock in Amazon, consider this:</p>
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<p>Take into account this information before purchasing Amazon stock:</p>
The team of analysts at The Motley Fool Stock Advisor recently identified their picks for the top 10 stocks that they believe could offer significant returns in the future, and surprisingly, Amazon did not make the list. Investors may want to pay attention to these 10 stocks for potential growth in the coming years.
Stock Advisor offers a straightforward plan for investors to achieve success, providing guidance on creating a portfolio, regular updates from analysts, and two new stock recommendations every month. Since 2002, the Stock Advisor service has delivered returns that are more than three times higher than the S&P 500 index.
<p><strong>View the information on the top 10 stocks</strong></p>
<p><span>*Stock Advisor performance data as of April 1, 2024</span></p>
The Stock Advisor information is accurate as of April 1, 2024.
John Mackey, who used to be the CEO of Whole Foods Market which is now owned by Amazon, is part of The Motley Fool's board of directors. Jennifer Saibil does not have any ownership in the stocks mentioned. The Motley Fool holds positions in and supports Amazon, Merck, and Shopify. The Motley Fool abides by a disclosure policy.
Disregard Shopify: This Company's Stock Has Created More Millionaires according to The Motley Fool.
