Think It's Too Late to Buy This Leading Tech Stock? Here's 1 Reason Why There's Still Time.
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Amazon (AMZN) remains a strong investment despite recent challenges, with a market cap of $2.3 trillion and leadership in e-commerce and cloud computing. E-commerce accounts for only 16.3% of U.S. retail sales, indicating growth potential. Additionally, cloud computing is still underutilized, with 85% of IT spending on-premises. These factors suggest that Amazon has significant long-term growth opportunities, making it a worthwhile investment for long-term investors, despite current competition and performance issues.
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