Just like it does a wonderful job taking care of its customers, Amazon (NASDAQ: AMZN) continues to cater to its shareholders as well. The tech titan reported first-quarter 2024 revenue and earnings per share that exceeded Wall Street estimates. This helped propel shares higher; they're now up 25% just this year (as of May 9).

With a market cap of nearly $2 trillion, Amazon is undoubtedly one of the world's most valuable businesses. But that doesn't mean its forward returns are going to be limited. In fact, this remains the ultimate growth stock to buy with $1,000 right now.

Investors seem to be very happy with Amazon's advertising business, which has become a top player in the industry that can be mentioned in the same breath as heavyweights and Meta Platforms. The company's ad sales surged 24% year over year in Q1 to total $11.8 billion.

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Source Fool.com