Amazon.com Inc. has shown resilience in stock performance amid rumors of boycotts, with shares stable but down 6% over the past five days. The company reported a significant advertising revenue increase to $17.3 billion, driven by record viewership for Thursday Night Football and bolstered by strong retail spending and AI services via AWS. Following a peak of $242.52, analysts have raised price targets, reflecting solid growth projections. Over five years, Amazon's stock has increased by 125.9%, highlighting its strong position in the market and its potential for future growth despite the unpredictability of stock market predictions.
Despite ongoing rumors of boycotts, Amazon's stock remains stable, reflecting a strong performance with significant advertising revenue growth and an overall increase in stock value.
Amazon's advertising revenue surged to $17.3 billion in Q4 2024, bolstered by record viewership of Thursday Night Football, and showcasing robust growth in their retail and AI services.
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