Amazon’s worth a trillion dollars

And it’s not because of its online retail business

Andrew Willis 4 October, 2019 | 1:54AM
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Andrew Willis: Amazon (AMZN) is worth a trillion U.S. dollars, and not only because of its online retail business. You see, while Amazon was rewriting the way we shop, it was ALSO taking over server farms and a third of the world’s could computing services.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Amazon.com Inc3,223.91 USD1.05Rating

About Author

Andrew Willis

Andrew Willis  is Content Editor for Morningstar.ca. Follow him on Twitter @AndrewWillisCDN.

 

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