Amazon.com, Inc. (NASDAQ:AMZN) could become the first company to generate $1 trillion in annual revenue by 2028, according to one market strategist.
Amazon’s Businesses Could Fuel $1 Trillion Revenue Milestone
On Sunday, Futurum Equities Chief Market Strategist Shay Boloor shared his bullish outlook for Amazon on X, saying the e-commerce and cloud giant is “on track to become the first company to cross $1 trillion in annual revenue by 2028.”
Boloor argued the projection is supported by Jeff Bezos’ company’s increasingly diversified business model.
“What makes that possible is that Amazon has become one of the most important infrastructure companies in the world compounding across commerce, cloud, logistics, ads and AI all at once,” he wrote.
