Prediction: Amazon Stock Will Soar Over the Next 5 Years. Here's 1 Reason Why.
Amazon (NASDAQ: AMZN) has been one of the biggest winners since the start of this millennium and has delivered stellar returns for long-term investors. On the other hand, the e-commerce and cloud-computing giant has actually been lagging behind the broader market in 2024.
While Amazon stock has risen roughly 17.5% across this year's trading, the S&P 500 index has delivered a dividend-adjusted total return of 19.5% as of this writing.
Even though Amazon has underperformed the benchmark index this year, investors shouldn't bet on that continuing to be the case over the long term. In fact, the stage appears to be set for the stock to deliver market-crushing returns over the next five years -- and artificial intelligence (AI) could be at the center of an incredible transformation.
Source Fool.com