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Amazon reported revenue of $187.8 billion in Q4 of 2024, surpassing Walmart’s projected $180 billion, potentially dethroning Walmart as the top revenue-generator in the S&P 500 for the first time in over a decade. Amazon’s success is attributed to its online shopping business’s growth during the pandemic, as well as the significant revenue increase in its cloud division, AWS, with a record revenue of $638 billion for the full year of 2024.
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