10 Stocks That Can Still Skyrocket On The Neo Cloud Boom 

8. Amazon.com Inc. (NASDAQ:AMZN)

Potential Upside: 32.5%

On June 4, Amazon.com Inc. (NASDAQ:AMZN) introduced its Amazon Prime service in South Africa as part of its effort to become one of the dominant retailers in the country. With its high demand, the company priced the Prime membership in the new market at $3.62 per month or $24.47 per annum. Amazon Prime services in South Africa offer many of the same benefits available in other countries, including fast free delivery, access to Prime Video, gaming perks through services like Amazon Luna, and access to flagship events such as Prime Day.

The company offers same-day delivery in bigger cities such as Cape Town, Johannesburg, and Pretoria. Amazon was launched in South Africa two years ago, and it was the gateway to the African continent in the context of the company’s wider global expansion strategy. The e-commerce giant believes the online shopping market has increased enough for Prime to attract more customers and increase market share. The company leadership remarked,

“Since launching Amazon in South Africa two years ago, we have built a store our customers love, with a great selection of local and international products backed by a reliable delivery experience. Launching Prime is the next exciting milestone on our journey in the country, deepening our commitment to becoming a meaningful part of South Africans’ daily lives by offering even more convenience, savings, and entertainment.”

Amazon.com Inc. (NASDAQ:AMZN) operates across e-commerce, digital content, advertising, and cloud computing. Its online and offline stores offer both in-house and third-party products, while its Amazon Web Services (AWS) division runs one of the world’s largest data center networks.