Key Points Amazon reported 20% revenue growth in the second quarter. AWS is accelerating as demand for AI compute picks up. Its valuation is now on par with the S&P 500. These 10 stocks could mint the next wave of millionaires › Amazon (NASDAQ: AMZN) has been a massive growth story for much of its history, but that changed after the pandemic. Revenue growth slowed to as little as 7% in Q1 2022 as momentum in both the e-commerce business and Amazon Web Services (AWS) stalled. While some of that was due to challenging comparisons with the pandemic era, its revenue growth remained in the low teens for the next few years, as the chart below shows. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.
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