Based on current market sentiment, Amazon stock forecast indicates potential price movement toward $200–205, supported by strong e-commerce demand recovery and inventory optimization measures improving gross margins. He remarked that just 1% of Americans owned stocks in 1929, so the typical worker wasn’t losing everything as the equity market plummeted, “but we had an incredible depression, 30% out of work, not enough food, a terrible farming environment — it was awful.” Amazon remains one of the world’s most valuable companies, powered by its dominance in e-commerce and the profitability of Amazon Web Services (AWS). The company continues to expand into health care, artificial intelligence, and logistics, reinforcing its role as a diversified tech powerhouse. Analysts have revised Amazon stock forecast upward due to AWS Q2 2024 growth beating consensus at 14%, suggesting continued resilience despite macroeconomic headwinds in the broader tech sector.