1 Trillion-Dollar Growth Stock Down 25% You'll Regret Not Buying on the Dip
Amazon (NASDAQ: AMZN) is one of the world's largest companies. It's valued at $1.4 trillion as of this writing, and its stock features in both the FAANG group and the "Magnificent 7," alongside its other trillion-dollar peers in the technology sector.
Most people know Amazon for its e-commerce business, which has become the largest in the world. But its industry-leading cloud services platform, Amazon Web Services (AWS), is the growth and profitability engine behind the entire company, and it's using its dominant position to swoop into the artificial intelligence (AI) space.
Amazon recently released its financial results for the second quarter of 2023 (ended June 30), which came in much better than expected. Plus, in its conference call with investors, the company shared more details about its AI strategy.
Source Fool.com
