Amazon Stock Soars 84% Thanks to Pandemic Recovery and Booming Cloud and AI Businesses
- Amazon stock has seen strong gains recently, up 84% in the past year
- The company benefited from economic recovery and AI adoption
- Amazon has growth potential in e-commerce, cloud computing, digital ads, and AI
- Valuation remains reasonable at 2x forward sales despite growth prospects
- Tailwinds like generative AI could provide further upside, presenting a $1.3 trillion opportunity