At the end of last month, (NASDAQ: AMZN) reported weaker than expected results for the third quarter. The e-commerce and technology giant issued disappointing forecasts for the fourth quarter as well.

This was the second disappointing quarter in a row for Amazon. But while Amazon stock initially pulled back after the results, stocks have since regained all of that lost ground and a lot more.

Amazon stock performance, data from YCharts.

In other words, investors don’t seem the least bit concerned about Amazon’s recent growth slowdown. Given that Amazon stocks trade a staggering $ 1.8 trillion valuation, that no-nonsense stance can prove costly in the long run.

Another quarter of moderate growth

In the second quarter, Amazon’s revenue increased 24% on a currency-neutral basis, up from 41% in the first quarter. The slowdown was especially noticeable as the company was holding its Prime Day shopping bonanza …

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