Inc. (NSDQ:AMZN) stock fell by more than 5 % over the last week. There were a series of service announcements last week by Amazon’s cloud-computing business, AWS, but they also didn’t do much to support the falling AMZN stock. However, AWS re:Invent 2016 has reaffirmed that AWS is one strong reason to buy AMZN stock now. AWS is expected to top $12 billion in revenue this year, compared with $7.9 billion last year. The public cloud pioneer has gone from being the largest, most dominant public cloud service for web developers and startups to providing the most important technology to businesses: the enterprise cloud. Amazon has sustained its aggressive cloud approach, even though competitors like Microsoft (Nasdaq:MSFT) and Alphabet (Nasdaq:GOOGL) are trying to catch up, using their deep pockets. Here’s why AWS is not slowing down anytime soon and will continue to drive AMZN stock to greater heights.

AMZN Stock Is This The Biggest Reason To Buy, Inc. (AMZN) Stock Today_2

On Course To Become A Complete Cloud Company

After dominating the public cloud, the Vmware (NYSE:VMW) partnership and the expanded alliance with Salesforce (NYSE:CRM) has put AWS on course to capture enterprise cloud market as well. Large enterprise customers are shifting their buying behavior and the world is moving fast to “buy as you go” infrastructure and software models. AWS partnership with VMware ensures it has a proper hybrid cloud strategy to offer the enterprises the best of both public and private cloud.

Once the cloud of choice for cash-poor startups, AWS is wooing big businesses and software makers big time. Capital One, Hertz, AOL, John Deere, Workday and Netflix  are some of the new big enterprise clients for AWS. The regulatory body, Financial Industry Regulatory Authority (FINRA) and the White House are also now AWS users primarily due to its high security. This goes to show Amazon cloud computing’s high product standards and reinforces the fact the AWS competes in the market not based on its price but its quality.

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