Prediction: Amazon Could Turn a $10K Investment Into This by 2030
Amazon stock hasn't been this cheap in a while.
Overview
I've owned shares of Amazon (NASDAQ: AMZN) over the years and added to my position earlier this year after the valuation of the cloud computing and e-commerce leader plummeted.
It just seemed too good an opportunity to pass up, with its price-to-earnings ratio dropping into the mid-20s. On top of that, it seemed that its huge investments in AI, which scared some investors away, would pay off. The record $220 billion in capital expenditures was not made in anticipation of higher demand for AI cloud computing; it was required to meet the demand that was already there.
Image source: Amazon.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.