Is Amazon Stock a Buy Right Now?
Shares of Amazon (NASDAQ: AMZN) slipped more than 3% on Friday. This builds on a pullback in the stock over the last week, which has left shares down more than 9% over the past 5 trading days.
The stock's slide, which comes along with a broader sell-off in chip stocks on Thursday and Friday, presents a timely question for investors: With the artificial intelligence (AI) spending boom showing no signs of cooling, is Amazon stock still a buy?
A strong case can be made for buying Amazon stock here. While the bull case still starts with its fast-growing cloud computing business, there are other reasons to get excited about Amazon's long-term potential as well. Alongside its cloud computing business, Amazon's advertising and retail profitability are also climbing.
Source Fool.com
