Amazon is spreading itself too thin, Patrick Moorhead, president and principal analyst at Moor Insights and Strategy, told CNBC on Wednesday.
The e-commerce giant creates technology from e-readers to smart speakers, produces original TV and movie content, dabbles in self-driving cars, and delivers alcohol, groceries and products from third-party sellers on its platform.
The company is also in the final stages of figuring out its strategy to get into the multibillion-dollar prescription drug market in addition to exploring ways to deliver items to your car trunk and the inside of your home.
"I do think Amazon is getting into the danger zone. History is littered with companies who used to be at the top of the Nasdaq who got into areas that really weren't part of their core business," Moorhead told CNBC's "Power Lunch."