Could Amazon be the third stock to hit the $2 trillion mark?
The past few years have been pretty action-packed for Amazon (NASDAQ: AMZN). The company's revenue soared during early pandemic days as people favored e-commerce over in-store shopping, and Amazon responded to that demand by doubling its fulfillment network. The shares also climbed -- and last year, Amazon completed a stock split.
What is a data center? It's a dedicated building filled mostly with clusters of computer servers working in unison to complete tasks, and it's typically managed by tech giants like Microsoft and Amazon (NASDAQ: AMZN). Millions of businesses rent those data centers to store their data, run their online sales channels, and even develop software.