When it comes to growth stocks, Amazon (NASDAQ: AMZN) is one of the poster children, up more than 830% in the past decade alone. That hasn't excused the company from taking investors on a roller-coaster ride, though.

After doubling its stock price within just over a year during the COVID-19 pandemic, Amazon's stock was slashed in half from its peak to the end of 2022. Since then, it's increased over 55% year to date (as of Aug. 21).

With an impressive 2023 rally, many investors have wondered if now is the time to buy, hold, or sell Amazon. For long-term investors, the answer is simple: buy.

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Source Fool.com