|Day's Range||955.95 - 955.95|
Few companies have managed to exceed a trillion dollars in market capitalization, and even fewer have managed to stay above that threshold. Currently, only four U.S. companies maintain this designation: Apple, Microsoft, Alphabet, and Amazon (Amazon is just barely above a $1 trillion market cap). With TSMC sitting at a $480 billion market cap right now, the company would need to maintain an 11% compounded annual growth rate through 2030 to hit that next-level valuation.
A Nasdaq bull market is still in sight. Amazon (NASDAQ: AMZN) stock is already in a bull market of its own. The best news for Amazon over the near term is that its profitability should improve significantly.
Just ask Amazon (NASDAQ: AMZN), one of the largest companies in the world by market cap. Amazon has responded to these issues by attempting to reduce expenses where it can, including letting go of thousands of employees, a popular move on Wall Street these days. Let's consider the good, the bad, and the ugly of Amazon's layoffs from a business and investing perspective.