Amazon and On Holding Poised for Double by 2030

Amazon and On Holding are two stocks that could double by 2030, according to recent growth trends.

Amazon's Prime-powered retail business and booming cloud division should continue driving revenue growth and expanding margins. The company's massive base of Prime members supports repeat purchases and steady subscription revenue, while its fast-growing cloud business generates strong margins.

The e-commerce giant's trailing 12-month revenue climbed 16% year over year to $775 billion in the second quarter of 2026, with sales up 15% year over year. Amazon Web Services (AWS) is seeing strong demand for artificial intelligence tools, pushing cloud revenue up 37% year over year.

On Holding, on the other hand, is a potential global leader in athletic wear, building a premium brand around its popular Cloud running shoes. The company's revenue has tripled on a trailing 12-month basis since 2022, and management says new flagship stores in Europe are off to a strong start.