1 Reason Why Amazon (AMZN) Is the Ultimate Growth Stock to Buy With $1,000 Right Now
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Amazon (AMZN) is highlighted as a top growth stock to invest in with $1,000 due to its dominance in e-commerce, cloud computing, and digital advertising. The company captures nearly 40% of U.S. online spending and its AWS segment contributes significantly to revenue and operating income. With strong demand for AI and a booming digital ad market, Amazon's sales are projected to grow at an annualized rate of 10.6% from 2024 to 2027, indicating continued growth potential.
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