3 Reasons for Long-Term Investors to Love Amazon

·4 min read

Amazon's (NASDAQ: AMZN) share prices have surged by over 11.6% in response to the company's stellar second-quarter results (ended June 30). Amazon has long been known for its e-commerce business and broad fulfillment network. Despite the surging inflation and technical recession (two consecutive quarters of decline in gross domestic product) in the U.S., global enterprise spending on cloud infrastructure services grew year over year by 29% to $55 billion in the second calendar quarter.