|Bid||371.42 x 1200|
|Ask||373.00 x 900|
|Day's range||355.63 - 371.82|
|52-week range||308.06 - 1,762.92|
|Beta (5Y monthly)||1.80|
|PE ratio (TTM)||255.39|
|Earnings date||26 Jul 2022 - 01 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||846.61|
Shareholders in Amazon (NASDAQ: AMZN) beat a rising market on Friday morning, with shares gaining 3% by 10:45 a.m. ET compared to a 1.4% boost in the S&P 500. The rally was powered by a brightening outlook around economic growth and consumer spending. A major factor driving Amazon's stock higher on Friday was the boost in the wider tech world.
Today's video focuses on Shopify (NYSE: SHOP) and the most recent short-term bearish news affecting its stock price, from Snap's (NYSE: SNAP) recent market commentary to Amazon's (NASDAQ: AMZN) latest distribution center reports.
The technology sector has been hit hard following a three-decade run that saw the tech-heavy Nasdaq 100 gain nearly 4,000%. It means previously untouchable tech stocks are now much more affordable, and by buying some of the top companies that still possess great growth prospects, their newly discounted prices under $20 a share makes them a bargain. The global artificial intelligence (AI) market is expected to nearly double by 2030, hitting $1.6 trillion for a compound growth rate of 36% annually, according to Precedence Research.