Tech Stocks Poised for Growth as Amazon and Others Eye Stock Splits
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Several major tech stocks like Nvidia, Amazon, Shopify, Alphabet, and Tesla have done stock splits after years of strong growth, suggesting continued upside.
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The stock market is on the cusp of a new bull market that could generate over 169% returns over the next 5 years on average.
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Amazon is a compelling buy at under $175 per share, given its leadership in e-commerce, cloud computing, digital advertising, and AI.
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Amazon's market share and revenue opportunities are expanding rapidly in areas like e-commerce, the cloud, digital ads, and AI.
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At 2 times forward sales, Amazon stock is historically cheap compared to its 3.5 historical average price-to-sales ratio.