Wall Street quiet as solar eclipse takes center stage >>> READ MORE

6 High-Stakes Tech Stocks to Buy for 2014

      View All  


What it Does: While Amazon’s (AMZN) success as an online retailer is unprecedented, its Amazon Web Services (AWS) business may be the driver for the future decade. AWS recently beat IBM as winner of a $600 million contract with the CIA to manage its private cloud. AWS contributed $844 million to Amazon’s bottom line in second quarter 2013.

Market Cap: $176 billion

The Big Trend: The global market for cloud infrastructure services is projected to reach $63.5 billion by 2018, driven by widespread adoption of cloud computing by enterprises worldwide against a backdrop of increased pressure to reduce IT costs.

Performance: Year-over-year revenue jumped 24% to just shy of $17.1 billion in third quarter.

Stock YTD: +55%

Article printed from InvestorPlace Media, http://investorplace.com/2013/12/6-high-stakes-tech-stocks-2014/.

©2017 InvestorPlace Media, LLC