One of the biggest investment themes in 2023 was artificial intelligence (AI). Each of the "Magnificent Seven" stocks is playing a role in AI, and they helped fuel the Nasdaq Composite over 40% last year. This momentum seems to have carried over into 2024. The S 500 recently hit a new all-time high, and investors are probably wondering where they can find some value.

Among mega-cap tech enterprises, one in particular sticks out. E-commerce and cloud computing specialist Amazon (NASDAQ: AMZN) has a lot of exciting catalysts that I think are overlooked, relative to cohorts such as Microsoft, , and Nvidia.

Let's look at why scooping up shares in Amazon stock right now could be a lucrative opportunity.

Continue reading

Source Fool.com