Jonathan Hayes
by JONATHAN HAYES

Undervalued at 2009-Like P/E

01/10/2024 81 0
AMZN
FACT: Amazon’s Strong Q3 2023 Growth​

Trading at a forward P/E similar to 2009, Amazon is a steal: it leads the world in cloud and e-commerce, with 750,000 robots reducing fulfillment costs by 20% and proprietary chips (Graviton, Trainium) cutting cloud expenses by 30%. Its advertising business, now the third largest globally, is growing at 25% YoY, adding a high-margin revenue stream. Analysts forecast $1 trillion in revenue by 2030, driven by AWS and ads, making Amazon a clear buy for long-term investors seeking exposure to multiple high-growth sectors.


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