Is Amazon a Buy Now?
One of the more significant stock market stories of 2023 has been the resurgence of big tech stocks. Many are riding the wave of artificial intelligence (AI) hype and the potential disruption that can come with it. Amazon (NASDAQ: AMZN) is no different and is up more than 50% this year.
After a big stock market rally in the first half of 2023, investors may wonder if now is the time to buy Amazon or if they've missed the train. The short answer is, there's no better time than the present. The longer answer is, it depends on what kind of investor you are. Let's dive deeper.
Even with a market cap of more than $1.3 trillion, Amazon is still a growth stock by most standards. Considering how much the company reinvests for continued growth, I believe it's more important to focus on its revenue growth versus profits (although it makes billions of that, too).
Source Fool.com
