Technology investors are probably sitting anxious right now as second-quarter earnings linger right around the corner.

On the one hand, the tech sector has faired quite well so far in 2024 as artificial intelligence (AI) continues to fuel enthusiasm. But on the other hand, it's reasonable to wonder if some of the future growth pertaining to AI is already baked into valuations.

One stock that I've been monitoring closely as of late is Amazon (NASDAQ: AMZN). While shares of Amazon are up 20% so far this year, the stock has traded down roughly 7% during the month of July.

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Source Fool.com