In a notable development in the global financial markets, especially the U.S. stock market on Wall Street, Amazon stock (AMZN) exceeded $200 for the first time in its history. This achievement reflects the continuous growth of a company that evolved from a simple online bookstore into one of the most diverse and influential companies worldwide.

Behind this historic rise in Amazon's stock are several prominent factors that highlight the company's strength and future potential in the U.S. and global economies. A key reason for this achievement is the strong financial performance that exceeded analysts' expectations.

In its latest quarterly report, Amazon announced earnings of $1.43 per share, surpassing market expectations of $1.14, alongside revenues of $159 billion, representing an 11% year-over-year increase. These results showcase the company's success in effectively managing costs and rapidly growing its diverse services, particularly its cloud computing platform, Amazon Web Services (AWS), which represents a primary source of revenue.

Amazon has not only excelled in e-commerce but has also expanded its operations into various fields such as smart device development, entertainment content production, and even investments in artificial intelligence and logistics services. These moves reflect a long-term strategic vision positioning the company strongly to capitalize on future global market trends.

About Amazon Company

Amazon (Amazon Inc.) is one of the largest multinational technology companies in the world, specializing in e-commerce, cloud computing, artificial intelligence, and entertainment production.

It was founded in 1994 by "Jeff Bezos" in Seattle and became known as an online bookstore before expanding to include a wide range of products and services. Today, Amazon Web Services (AWS) represents a significant portion of its revenue, focusing on providing cloud computing services.

Diverse Sectors

• Technology Sector: Includes advanced technologies like cloud computing and artificial intelligence.
• E-commerce Sector: Amazon is the largest e-commerce platform in the world.
• Logistics Sector: Manages advanced networks for product delivery.
• Media and Entertainment Sector: Produces entertainment content through Prime Video.
• Electronic Devices Sector: Produces devices like Echo and Kindle.

Key Products

Amazon produces a range of core products under its own brands, catering to diverse consumer needs.

• Electronic Devices: Includes Kindle for e-books, Echo powered by Alexa, and Fire TV for streaming.
• Smart Home Products: Devices like Ring smart doorbells, security cameras, and smart thermostats.
• Private Label Products:
  • Amazon Basics: Affordable everyday products like cables and batteries.
  • Happy Belly and Wickedly Prime: Food and beverages.
  • My Style: Fashion and apparel.
• Digital Services: Includes Amazon Prime Video for streaming and Audible for audiobooks.

Financial Performance

Amazon has demonstrated strong financial performance in 2024, with its latest quarterly results showing remarkable growth in several areas:

• AWS Revenue: Increased by 19% year-over-year, reaching $27.5 billion.
• Operating Income: Totaled $17.4 billion, up from $11.2 billion during the same period last year.
• Operating Cash Flow: Increased by 57%.
• Expansion in Services and Technology: Improvements in delivery processes, automation, and reliance on artificial intelligence.

Amazon Advantages

Amazon boasts several advantages that have made it one of the leading global companies. These include:

• Diverse products and services: Includes e-commerce, AWS, and digital advertising.
• Outstanding customer service: Easy return policies and 24/7 customer support.
• Advanced technologies: Relies on artificial intelligence and machine learning to enhance user experience.
• Prime Membership Program: Offers benefits like free shipping and exclusive content.
• Supply Chains: Extensive delivery network and smart warehouses.
• Innovation and ongoing investments: Ensures the company's growth through technology development.
• Competitive pricing: Provides attractive discounts and deals.

Challenges Facing Amazon

Despite its market strength, Amazon faces various challenges that affect its growth and performance. These challenges include:

• Government regulations and laws: Antitrust cases and ongoing scrutiny.
• High operational costs: Rising fuel prices and wages.
• Intense competition: From companies like Walmart and Alibaba.
• Dependence on the global economy: Impact of global economic slowdowns.
• Environmental and social challenges: Criticism related to carbon emissions.
• Labor management: Demands for improved working conditions and higher wages.
• Cybersecurity risks: Threats of cyberattacks.
• Changing consumer behaviors: Decline in demand for online shopping.

Future Strategies

Amazon is adopting an ambitious strategy centered around innovation and global expansion. Key highlights of this strategy include:

• Expanding cloud services (AWS): Offering solutions based on artificial intelligence.
• Enhancing e-commerce: Improving shopping experiences and shipping services.
• Investing in sustainability: Achieving carbon neutrality by 2040.
• Global expansion: Entering emerging markets in Asia and Latin America.
• Future technologies: Investing in robotics and drones to improve customer experience.
• Strengthening Prime membership: Offering additional benefits like exclusive content and improved services.
• Diversifying revenue: Developing new income sources like digital advertising and healthcare.
• Expanding artificial intelligence: Using machine learning to analyze data and automate processes.

Amazon and Artificial Intelligence

Amazon is a pioneer in using artificial intelligence to enhance its services. Key applications of AI within the company include:

• Personalized recommendations: Analyzing customer behavior to provide tailored suggestions.
• Alexa: A voice assistant powered by natural language processing.
• Supply chain management: Using robots to improve efficiency and inventory management.
• AWS services: Providing machine learning tools, image, and video processing.
• Contactless shopping: Amazon Go stores rely on AI for seamless shopping experiences.
• Digital advertising: Targeting customers with personalized ads based on data analysis.
• Research and development: Investing in deep learning and reinforcement learning.

How Amazon Benefits from Black Friday

Black Friday represents a golden opportunity for Amazon to boost its sales and strengthen its market position. Key ways Amazon benefits include:

• Increasing sales and revenue: Offering attractive discounts across a wide range of products.
• Attracting new customers: Special offers encouraging customers to try Amazon's services.
• Accelerating inventory turnover: Quickly selling seasonal products to improve supply chain management.
• Brand enhancement: Extensive advertising campaigns increase awareness of the company’s services.
• Improving customer experience: Smooth user interface and multiple payment options.
• Data collection: Analyzing customer behaviors to refine future strategies.
• Innovation: Launching new products and services during the sales season.

Brief Analysis and Predictions for Amazon Stock

• Amazon Stock Predictions for This Week: If the stock successfully surpasses the $215 resistance level, it is likely to reach new record levels.
• Amazon Stock Predictions for November: Expected to achieve monthly gains, marking the third consecutive monthly gain.
• Amazon Stock Predictions for 2024: Forecasted to reach historical levels above $230.

Key Price Milestones for Amazon Stock

Best and Worst Performance of Amazon Stock

Best Performance

• 1998: Best annual performance ever, with a rise of 966%.
• Q4 1998: Best quarterly performance ever, with a rise of 188%.
• June 1998: Best monthly performance ever, with a rise of 126%.

Worst Performance

• 2000: Worst annual performance ever, with a decline of 80%.
• Q4 2000: Worst quarterly performance ever, with a decline of 60%.
• February 2001: Worst monthly performance ever, with a decline of 41%.

Significant Events in Amazon Stock History

• May 1997: Amazon stock started trading on NASDAQ at $0.122.
• October 1997: Surpassed $0.25 for the first time.
• June 1998: Surpassed $0.50 for the first time.
• July 1998: Traded above $1 for the first time.
• April 1999: Surpassed $5.
• May 2011: Traded above $10.
• July 2015: Surpassed $25.
• May 2017: Surpassed $50.
• August 2018: Surpassed $100.
• July 2020: Surpassed $150.
• November 2024: Surpassed $200 for the first time.

Key Predictions for Amazon Stock in 2024

• Needham Group: Predicts the stock will reach $250 by the end of 2024.
• Loup Capital: Predicts the stock will reach $275 by the end of 2024.
• Morgan Stanley: Predicts the stock will reach $230 before the end of the year.
• Wedbush: Predicts the stock will reach $250 by year-end.
• Sanford C. Bernstein: Predicts the stock will reach $230 before the end of the year.

Factors Influencing Amazon Stock Predictions

• Performance of cloud computing services (AWS) as a key revenue driver for the company.
• Growth in e-commerce and the impact of competition in global markets.
• Expansion in technological innovations such as artificial intelligence and voice technologies (Alexa).
• Global economic fluctuations and their impact on consumer spending.
• Government regulations and scrutiny of the company’s practices.
• Investments in logistics and fast delivery services.

Frequently Asked Questions About Amazon

• Is Amazon stock a good investment?
  Amazon stock is currently trading around $200. In light of positive forecasts, the range of $190–$200 is considered a good entry point for investment, with targets reaching $230 in 2024 and $250 in 2025.
• How to invest in Amazon?
  Methods of investing include:
  • Directly buying shares on the stock exchange (NASDAQ: AMZN).
  • Investing in exchange-traded funds (ETFs) that include Amazon shares.
  • Investing in companies that benefit from Amazon's growth, such as shipping or technology firms.
  • Trading contracts for difference (CFDs) to profit from price movements.
  • Investing in bonds issued by Amazon.
• Is Amazon stock expected to reach $230 in 2024?
  Yes, based on positive economic forecasts, including factors like Trump's victory and easing monetary policies, it is likely that the stock will surpass $230 by the end of the year.

Largest Companies by Market Value in 2024

List of Companies Investing in AI

• Microsoft (MSFT)
• Alphabet (Google) - GOOGL
• Amazon (AMZN)
• NVIDIA (NVDA)
• IBM (IBM)
• Tesla (TSLA)
• Adobe (ADBE)
• Apple (AAPL)
• Meta (formerly Facebook) - META
• Intel (INTC)
• Salesforce (CRM)
• Baidu (BIDU)
• Oracle (ORCL)
• Snap Inc. (SNAP)

Technical Analysis of Amazon Stock (Amazon Inc)

Analyzing Amazon stock's weekly chart shows that the long-term upward trend paused at corrective stations, followed by resuming upward momentum. With the holiday season and year-end approaching, the stock is expected to gain further positive momentum, driving prices to new record levels in the coming period.

The recent decline from mid-month resulted from touching the resistance of the upward channel that has supported the stock for about two years, starting at around $81.37. However, several positive factors suggest the stock will resume its main upward trend without needing to reach the channel's support, as shown in the chart. These factors include:

• The symmetrical triangle pattern that was completed after breaking above $192.60.
• The 50-day moving average offering strong support.
• Positive signals from the Stochastic indicator.

These technical factors suggest a new upward surge in the coming days, with the next target being a test of $218.90. Breaking this level would extend the upward wave to $231.50 as the next major target.

On shorter time frames, the price is moving within an ascending channel, reaching its support as shown below, indicating potential for resuming the primary upward trend and achieving short-term gains. The first target aligns with the above-mentioned target at $218.90.

Technical Summary

• Upward trend supported by symmetrical triangle pattern.
• 50-day moving average provides additional support.
• Positive signals from the Stochastic indicator.

The CADJPY price ended the recent trades by providing negative close below 38.2% Fibonacci correction level at 109.30, hinting its surrender to the domination of the bearish bias to notice reaching 108.25.

The consolidation of the MA55 above the current trades and stochastic approach to the oversold areas support the continuation of the negativity, allowing us to suggest targeting 107.55 level soon, followed by reaching 106.45 support line.

The expected trading range for today is between 107.55 and 109.00

Trend forecast: Bearish

The EURJPY pair continue to form strong negative waves, taking advantage of the frequent negative pressures, to notice breaking the minor bearish channel’s support line at 160.20 to approach the next target at 159.35.

Note that stochastic reach to the oversold areas might push the price to form some sideways trades, assuring the importance of monitoring the price behavior after touching 159.35 level to manage to confirm the expected trend for the upcoming period, as breaking this level will open the way to resume the negative attack, to expect targeting 158.55 as a next negative station.

The expected trading range for today is between 158.80 and 160.20

Trend forecast: Bearish

The GBPJPY pair didn’t get enough touching the target at 191.80, to notice taking advantage of the negative pressures and forming new negative wave to reach 191.50.

192.35 level attempt to form additional barrier and the continuous negative momentum coming by the major indicators allow us to expect forming new negative waves, to target 38.2% Fibonacci correction level soon at 190.80, which breaking it might extend losses towards the next support base at 190.00 direct.

The expected trading range for today is between 190.80 and 192.35

Trend forecast: Bearish