3 New Industries Amazon Could Dominate by 2030
Amazon (NASDAQ: AMZN) shares have surged past $3,000 in recent days as investors bet that the e-commerce giant will emerge from the pandemic even stronger than it was before.
Its valuation has now topped $1.5 trillion, up from less than $1 trillion. High expectations are baked into that valuation, but throughout its history the company has only done right in the eyes of investors, delivering monster returns as it's come to dominate e-commerce and cloud computing, and establish itself as a force in areas like video streaming and voice-activated technology.
Looking ahead, Amazon remains just as ambitious as always. CEO Jeff Bezos likes to say it's always Day One, and said in last year's shareholder letter, "Amazon today remains a small player in global retail," indicating he still believes there's plenty of opportunity for growth. In order to satisfy shareholder expectations, Amazon will have to execute on those opportunities. Below are three key growth areas the company is eyeing over the next decade.
Source Fool.com
