3 Reasons I’m Buying Amazon Stock Hand Over Fist Right Now | The Motley Fool

For a while, Amazon (AMZN +1.00%) was the poster child for growth stocks. Unfortunately, that hasn’t been the case over the past five years, with its stock only up 38%, underperforming the S&P 500‘s nearly 67% gains in that time.

This year hasn’t gotten off to a great start, either. As of the market open on March 26, Amazon’s stock is down about 6.5% year to date. One silver lining, though, is that it has been the theme for almost every mega tech company this year. If you look past Amazon’s stock price struggles, its business remains rock-solid, and there are three reasons why I’d double down on the stock.

1. AWS is poised for a growth turnaround story

Let’s start with Amazon’s most important profit machine: Amazon Web Services (AWS). It’s the world’s leading cloud platform, with a 28% market share as of the end of last year. It has lost some ground to Microsoft‘s Azure and Google Cloud, but it remains one of the most crucial foundations in the…