Sunday, September 18, 2016
Apparently nothing much interesting happened in the tech world today.
Amazon Could be Sitting on a Cloud Gold Mine (AMZN)
Amazon.com, Inc. could be sitting on a cloud gold mine, this according to value investor Bill Miller at the Delivering Alpha conference. LMM’s chief investment officer added that investing on cloud services “could prove to be huge” for the company with its shares doubling in 3 years.
Miller notes that fueling the gains could also boost revenue growth and margin expansion in Amazon’s rapidly growing web services businesses while continuing dominance in the online retail market. The veteran stock picker predicted Amazon’s 25% to 30% growth in revenue within a few short years.