Combo of issues, Amazon slow down in growth, interest rates and recession fears.
Headline was Amazon growth slowed to 7% in Q1 2022, yet many might be missing, is that it is being measured against year on year Q1 2021, which grew 44% in Q1 2021. The compound annual growth rate since Q1 2020 is an impressive 24%.
Amazon saw such rapid growth during the early stages of COVID that its good growth right now is seen by investors as a sign of slowing progress.
Meanwhile AWS grew 37% year on year. Cloud infrastructure needs are multiplying and will continue to expand. AWS has 33% of the global market. AWS made 47.8 billion in operating profit since 2019, whilst Google lost 14 billion.
Timing the bottom for GMG is the challenge.
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Combo of issues, Amazon slow down in growth, interest rates and...
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Last
$34.88 |
Change
-0.010(0.03%) |
Mkt cap ! $66.24B |
Open | High | Low | Value | Volume |
$35.14 | $35.20 | $34.86 | $111.8M | 3.196M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 14756 | $34.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$35.01 | 2001 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 7104 | 34.870 |
2 | 529 | 34.850 |
3 | 10964 | 34.840 |
3 | 1170 | 34.800 |
1 | 4321 | 34.790 |
Price($) | Vol. | No. |
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35.010 | 2001 | 3 |
35.100 | 635 | 2 |
35.110 | 7104 | 1 |
35.120 | 4272 | 3 |
35.130 | 7104 | 1 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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