Even after its disappointing latest earnings report Amazon is undervalued on cloud computing
Amazon is the leader in cloud computing and now the cloud computing business has a 200 billion USD yearly revenue run rate with a growth rate of 35 % year on year.
Amazon's AWS cloud business' net profit margin is above 20% which coupled with the already large cloud computing industry and its stellar growth rate makes it possible that Amazon surpasses 3 trillion USD in market capitalisation in 7 years time.
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