1 Growth Stock Down 12% to Buy Right Now
There haven't been many, if any, businesses that have ascended as rapidly as Amazon (NASDAQ: AMZN) has. The company's 2023 revenue of $575 billion was a phenomenal 108 times higher than it was 20 years prior. This is clearly a growth-focused enterprise, even at its current scale.
As of this writing, the e-commerce and cloud computing juggernaut is trading 12% off its all-time high from early July this year. Here's why this creates an excellent opportunity to buy this growth stock.
Amazon has no shortage of growth levers that it will continue to benefit from. Most investors are familiar with the company's monster success in the e-commerce niche. In the U.S., 38% of all spending that happens online goes through Amazon.com.
Source Fool.com
