$Amazon.com(AMZN)$Amazon is also now a leading player in quantum computing, potentially becoming even more dominant in the future. Amazon’s focus on growth has been tremendously successful, and there is no reason to expect this to change in the future.
Amazon haslaunched a supercomputer-type systemin the cloud called Amazon Bracket. It’s an innovative model that’s sure to disrupt the market. The goal is to research and develop new technologies that will help tackle some major challenges associated with quantum computing. However, it does not form a huge part of the revenue pie.
Some people may see this as a negative, but Amazon is an established conglomerate. While best known as an e-commerce giant, the company also provides cloud computing services and produces consumer electronics.
Amazon’s diverse range of businesses has helped to drive strong revenue growth, with the company’s annual sales increasing from $15.7 million in 1996 to over$470 billion in 2021.
With a dominant position across multiple industries, Amazon can pursue its quantum computing ambitions without sacrificing growth and profitability in key business areas. It is a luxury many startups operating in the quantum computing space do not have.
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