Skip to content

$1,000 invested in Amazon stock at start of 2023 returned

$1,000 invested in Amazon stock at start of 2023 returned

In 2023, it is hard to believe that Amazon (NASDAQ: AMZN) started off as a humble online bookseller. These days, the company appears to be expanding in all directions as it is not only an e-commerce giant but also a major media production house and the market leader for cloud computing infrastructure through its AWS business.

Amazon’s staggering success on the business side is well-reflected on the stock market. Since going public, in fact, AMZN is up a staggering 169,500.11% and is now one of the leading companies of the S&P 500’s so-called magnificent seven and was at the forefront of one of the best global trading sessions in recent memory.

Given that Amazon started 2023 around its lowest valuation since 2020 – and that this year saw significant growth both on the stock and crypto markets – many investors are wondering just how big of an opportunity they’ve missed by not buying AMZN on January 1.

How much would’ve $1,000 invested in AMZN grown?

Despite not being one of the top performers among major stocks – an honor reserved for the likes of Tesla (NASDAQ: TSLA), which rose approximately 140% since January 1, and Nvidia (NASDAQ: NVDA), which is up around 230% in the same period – Amazon, nonetheless logged a very impressive year.

In total, the company is roughly 80% in the green year-to-date. It finds itself at the tail end of 2023 as the 5th largest company by market cap and is generally well-positioned to reclaim its 2021 highs of over $180 per share, with some even wondering if it can reach $200 in the next 12 months.

AMZN YTD price chart. Source: Finbold

Combined, this means that investors who took advantage of the inflation-caused turmoil of 2022 and bought $1,000 worth of AMZN at around $86 in early January have made a hefty profit, and their investment is now worth approximately $1,800.

Buy stocks now with Interactive Brokers – the most advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts