100 Billion Reasons to Buy and Hold Amazon Stock in 2024 and Beyond
After plunging in the face of economic challenges, Amazon (NASDAQ: AMZN) stock has enjoyed a robust rebound, fueled by the improving economic landscape and the ongoing recovery among technology stocks. Shares of the online retail pioneer were up a remarkable 81% in 2023, more than triple the 24% gains of the Nasdaq Composite.
The green shoots of a broader economic recovery and better-than-expected results have long-term investors breathing a sigh of relief that the worst may finally be over. However, the stock's performance last year raises the quintessential investing question: With gains of that magnitude, is it simply too late to buy Amazon stock, or are there reasons to expect there's more to come?
I would submit that there are 100 billion additional reasons to buy Amazon stock.
Source Fool.com
