Amazon had a stellar year with corporate IT cloud spending recovering and e-commerce thriving, reflecting strong demand for cloud services and enhanced delivery operations.
The resurgence of Amazon Web Services (AWS) grew significantly in 2024, with year-over-year growth increasing to 19.1%, highlighting robust demand in cloud services.
As we look to 2025, the focus will shift to how Amazon can monetize its advancements in generative AI, both in customer solutions and internal operations.
Jim Cramer highlighted Amazon as a key holding for 2025, indicating strong confidence in the company's e-commerce and cloud revenue potential amid market dynamics.
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