Key Points
-
Amazon is investing in developing its AI business as company’s shift to the cloud.
-
AWS is the largest cloud provider in the world, and growth is accelerating.
-
Amazon stock is expensive on a price-to-free cash flow basis.
- 10 stocks we like better than Amazon ›
Amazon (NASDAQ: AMZN) can rarely catch a break from market negativity these days.
The company, which is now the largest company in the world by sales on a trailing 12-month basis, should be receiving accolades based on its strong performance and seemingly endless opportunities. There are few industries at this point where it doesn’t touch some kind of base. But Amazon stock plunged after earnings recently, and it’s down 8% over one year as of this writing.
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »
Is this an incredible…
https://www.nasdaq.com/articles/buying-amazon-stock-now-brilliant-move-or-disaster-waiting-happen