Now Is the Perfect Time to Buy Amazon and Alphabet Stock
The diversified tech giants have been two of the biggest beneficiaries of the AI build-out.
Overview
Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) have lost some luster on the stock market over the past few months. Amazon is down by more than 10% from the all-time high it hit this summer, while Alphabet's off by 14%. However, if you've got some uninvested capital to put to work, I think now is the perfect time to buy them, as some of the information they will release later this month could dramatically reshape how these stocks are viewed by the market.
Image source: Getty Images.
The first things you probably think of when you think of Alphabet or Amazon are the Google search engine and the massive e-commerce platform, respectively. While these two businesses made them what they are today, they're not what's going to take them to the next level -- cloud computing will.
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Originally published at www.fool.com.