Amazon Presents Buying Opportunity for Legendary Investors Cathie Wood and Warren Buffett
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Cathie Wood and Warren Buffett both own stock in Amazon (AMZN), although it is a small position relative to their overall portfolios.
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Amazon operates in several areas like e-commerce, cloud computing, subscriptions, and advertising, providing diversification.
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Advancements in AI could fuel growth across Amazon's entire business, including AWS cloud services.
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Analyst Mark Mahaney sees 26% upside for Amazon stock, believing margins will expand from the company's investments.
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At a price-to-sales multiple of 3.1, Amazon trades at a steep discount compared to other tech giants, presenting an opportunity.