Amazon Stock Just Hit an All-Time High: Is It Too Late to Buy the Stock?

It wasn't that long ago that some were starting to doubt Amazon (NASDAQ: AMZN). The company was losing ground to its closest competitors in the cloud computing infrastructure market, while tariffs threatened the profits of merchants on its e-commerce platform as well as its financial results. However, recent developments have given the stock a positive jolt. While Amazon hasn't completely resolved all its issues, the stock climbed to an all-time high following a strong quarterly update and a key move in the cloud industry. But is it still worth investing in Amazon at current levels? In the third quarter, Amazon's sales grew by a solid 13% year over year to $180.2 billion. All three of the company's core segments posted revenue growth in the double-digit percentages, but the market particularly honed in on Amazon Web Services (AWS), its cloud unit. AWS' sales jumped 20% year over year to $33 billion. That's still below the growth rate of some of its peers in the cloud industry. For instance, Alphabet's Google Cloud revenue soared 34% year over year in Q3, but its sales of $15.2 billion were less than half of AWS'.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool