Investors could have turned a $410 investment in 1997 into $1 million today.
Amazon (AMZN 0.31%) founder and former CEO Jeff Bezos implemented a corporate strategy that prioritizes obsessing over the customer and their wants and needs. This unique philosophy has resulted in one of the most successful enterprises of all time.
Investors have reaped the rewards. Had you purchased just $410 worth of this stock at its initial public offering (IPO) in 1997, you’d have $1 million today. But can Amazon be a millionaire-maker stock going forward?
Image source: Amazon.
Artificial intelligence and cloud computing
Amazon grew its reputation as an online store that started to sell almost everything. This segment, supported by a well-oiled logistics network, continues to be a key part of the company’s success. Amazon is the second-biggest retailer on the face of the planet, behind only Walmart.
In the past decade, Amazon Web Services (AWS) has deservedly gotten a lot more attention. What was…
https://www.fool.com/investing/2026/01/26/could-amazon-be-a-millionaire-maker-stock/
