What is Amazon?
Amazon is a technology company. It mostly know for its e-commerce. Amazon.com is where you can buy anything and it will get shipped to your door fast as the same day. Amazon is also know for its cloud services with AWS, Amazon Web Services. Amazon also acquires companies in industries they are interested in. A company they have acquires is Ring.
Why is Amazon a Blue chip stock?
Amazon is a blue chip stock because of the value and stability of the company. Amazon is a trillion dollar company. It is valued at $1.08T as of market close on Friday May 5, 2023. Amazon is liked by many investors because of the dominance it has on the e-commerce industry. It also has a foot in movies and TV shows, music, and healthcare.
You can get up today information on Amazon at its investor relations page linked below.
