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Amazon.com, Inc. (AMZN), with a strong market cap of $1.9 trillion, operates in the e-commerce, cloud computing, and artificial intelligence sectors. Based in Seattle, Washington, it engages in retail, subscriptions, AWS, and electronic device manufacturing.
Shares of Amazon have outperformed the broader market over the past 52 weeks. AMZN has gained 25.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 17.8%. However, in 2024, shares of AMZN are up 6.1%, lagging behind SPX's 11.4% gains on a YTD basis.
