Amazon is an American multinational technology company based in Seattle, USA. It is considered one of the Big Four tech companies, along with Google, Apple, and Microsoft. While stocks across the tech-industry sunk in 2020, Amazon may weather the storm better than others. Global shoppers are avoiding stores and instead, buying online. Amazon is one of the companies best positioned to offer essential services to consumers that are isolating themselves at home. Amazon stock price has held up relative to overall market conditions, leaving room for much upside, according to Wall Street.
With regulatory licenses across 5 continents with a wide global offices presence