The possibility of Amazon hitting the US$3,000-mark in shares is high.
Amazon’s capitalisation will hit the US$1.47 trillion should it hit the US$3,000 mark.
Shares are responding in kind, as the online-retailer rose more than 1% as of 9:38am in New York, outperforming the S&P 500 ahead of the holiday weekend. Spinning off the rapidly growing Amazon Web Services cloud business would help to highlight the relatively low valuation placed on Amazon’s other businesses, they said.If you strip out AWS, Amazon’s core retail business trades at a valuation below that of traditional bricks-and-mortar retailers.
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