"Amazon is an advertising powerhouse as the No. 3 ad platform, after Alphabet and Meta Platforms. In 2021, Amazon had less than 11% of the U.S. digital market, estimated to be 17% by next year."
"Advertising is also Amazon's fastest-growing business, with ad sales rising 23% in the second quarter to $15.7 billion. Advertisers spend money to sell goods on Amazon's platform, allowing the company to benefit from ad sales and online purchases."
"Amazon has the largest cloud computing market share, with 30% compared to Microsoft's 21% and Google's 12%. The AI cloud computing market is expected to bring significant growth opportunities."
Amazon's current stock position may be perceived as overlooked, but its strong market roles suggest continued growth. The company boasts the third-largest digital ad business in the U.S., projected to reach a 17% market share soon. Additionally, Amazon's advertising revenue saw a 23% increase in Q2, showcasing its rapid expansion. Key strengths also lie in its dominant cloud computing market share of 30%, positioning Amazon well within the emerging AI market valued at $2 trillion, signaling further growth prospects.
Read at The Motley Fool
Unable to calculate read time
Collection
[
|
...
]