Amazon (NASDAQ: AMZN) has been one of the best stocks to own ever. However, while it has soared over its three decades on the stock market, it's actually down 11% over the past three years. After sending its shares higher on its pandemic-related success, investors appear to have soured on the e-commerce giant in its more recent struggles.

Still, there are many good reasons to be bullish on Amazon stock now -- and at this price, it looks like time to buy. Here are two more reasons you may not know.

Amazon Sidewalk is a digital network that Amazon offers to help users power their Internet of Things (IoT) devices like the Amazon Echo (for using Alexa) or Ring (for controlling home entry). It's kind of like a back-up to your WiFi system, stepping in if you lose your connection -- and also just simply helps your various devices function together more smoothly.

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Source Fool.com