Amazon (NASDAQ: AMZN) -- at one point the largest company in the world by market capitalization -- took quite the tumble in 2022. As of this writing, the stock is down 48% from all-time highs and has a market cap below $1 trillion.

Investors are worried about a slowdown in e-commerce and cloud computing coming out of the pandemic, and profitability struggles at the company. But I think Wall Street is currently missing the point with Amazon, creating a great buying opportunity for individual investors.

At less than $100 a share, Amazon stock is an absolute bargain for long-term investors. Here's why. 

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Source Fool.com