"Amazon and Shopify are two of the largest e-commerce stocks, and they have both produced tremendous long-term returns for investors. Shopify has gained over 5,000% in the ten years since November 4, 2015, while Amazon is up by over 700% during the same timeframe. Amazon grew its business by selling everything under the sun and diversifying into additional opportunities, such as cloud computing and online advertising."
"It also lets third-party sellers list their products on Amazon, similar to what Shopify allows for its merchants. However, Amazon's two biggest growth opportunities are Amazon Web Services and online advertising, which went up by 20% and 24% year-over-year, respectively, in the third quarter."
Amazon and Shopify have delivered substantial long-term returns, with Shopify rising over 5,000% and Amazon over 700% in the past decade. Amazon expanded beyond retail into cloud computing, online advertising, third-party marketplace services, and physical grocery stores after acquiring Whole Foods, while closing smaller retail experiments. Shopify focuses on empowering merchants to build online stores without holding inventory. Amazon Web Services and online advertising grew 20% and 24% year-over-year and together represent more than 25% of revenue. Cloud demand from AI and a $38 billion OpenAI-Amazon agreement support further AWS growth. Overall revenue rose 13% year-over-year, and Amazon is investing heavily in artificial intelligence.
Read at The Motley Fool
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