Are Amazon and Alphabet Among the Best Stocks to Buy Now? | The Motley Fool

Several big tech stocks look promising, especially after this cohort has sold off a bit over the past few weeks.

Two stocks that have sold off that some investors are considering are Alphabet (GOOG 0.58%) (GOOGL 0.42%) and Amazon (AMZN 0.89%). Alphabet is down around 10% from its all-time high, while Amazon is down around 16%.

That’s a decent discount on two companies often recognized as some of the more dominant businesses in the world, but are they solid buys now?

Both companies are feeling huge demand in the cloud sector

Amazon and Alphabet are more similar than one may think. Each company operates a primary business, but also has a thriving cloud computing business on the side.

For Amazon, its commerce business is the most well-known part of its company. You’d be hard-pressed to find someone in the U.S. who hasn’t used Amazon’s services, and the Prime membership has become a staple in many households.

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