$Amazon (AMZN.US)$ AMZN is valued for AWS, not its online bo...
$Tesla(TSLA.US$ TSLA is valued for the AI as much if not more than its mere production of electric cars.
$Apple(AAPL.US$ AAPL is valued for the iPhone, which replaced the iPod, which itself was more valued than the Mac business.
$Netflix(NFLX.US$ And even NFLX is growing more by becoming a content producer, not merely a streamer.
wr $Microsoft(MSFT.US$ I'll throw in MSFT, too, whose value now mostly resides in cloud computing more than merely selling software.
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