Saturday October 31, 2020

Amazon shares hit $1,000 - but how much more can they grow?

The world’s largest online retailer is conquering the world with booming global retail and cloud computing

30th May, 2017
World beating...Amazon Pic: Getty

Amazon’s shares have topped $1,000 for the first time - marking a new milestone for a company wooing investors by dominating online commerce and cloud computing.

Amazon shares hit $1,001.20 in New York today - up about 40 per cent from a year ago and more than double the 15 per cent gain of the S&P 500 Index in the same period.

But inevitably investors are already wondering just how much further the Amazon miracle can...

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