Prediction: Amazon Will Be a Millionaire-Maker Stock
Amazon (NASDAQ: AMZN) has been a multibagger stock over time, multiplying in value and rewarding the long-term investor. Most of the big gains have come over the past decade, as the company's Prime subscription service and cloud computing unit Amazon Web Services (AWS) saw growth take off.
And at the same time, in very recent years, the artificial intelligence (AI) boom has offered another key catalyst for stock price performance. This is as Amazon uses AI to improve its business and sells AI tools to customers through AWS.
Now, you might wonder whether this e-commerce and cloud giant, after seeing its stock climb 800% over the past decade, still has room to run. I think it does, thanks to its leadership in those businesses, efforts it's made to favor profitability, and the overall outlook for the AI market. In fact, my prediction is Amazon will be a millionaire-maker stock. Let's find out more.
Source Fool.com
