900 Reasons to Buy Amazon Stock Now

Cloud computing is set up for a very strong decade. The global cloud computing market is expected to reach about $1.9 trillion by 2030, growing at an estimated 18.7% compound annual rate. That pace is being driven largely by the accelerating adoption of artificial intelligence and machine learning across industries.

As a result, the picture that emerges is clear. Enterprises are moving more core workloads into the cloud and are unlikely to reverse course. Demand for scalable cloud capacity, therefore, looks both large and durable over many years, rather than like a short-lived spike.

That brings the spotlight to Amazon (AMZN), which now looks far more entrenched in this shift than many investors realized. The company now controls roughly 900 cloud computing facilities across about 50 countries. That kind of scale helps explain its growing dominance in cloud-focused workloads.

Global spending on cloud computing is set to more…