Many investors still follow the adage to "buy low and sell high." It's not a bad strategy. However, there's another one that can work with the right stocks: Buy high and hold.

Some stocks remain great picks even after they've delivered huge gains. We only have to look at Warren Buffett's Berkshire Hathaway portfolio to find several examples. These Buffett stocks have soared over 50% -- and they're still no-brainer buys.

Amazon (NASDAQ: AMZN) stock has skyrocketed close to 90% since the beginning of 2023. While several factors were behind the big gain, the surging interest in generative AI played a big part in Amazon's outsize returns.

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Source Fool.com