Amazon (AMZN): Does Momentum Make it a Buy-Now Stock?
On Wall Street, trends are paramount to making the most out of your investment. That being said, Amazon (AMZN) has emerged as a stock with momentum that could make it a buy-now option. Among the largest e-commerce providers on the planet, how are experts perceiving the fifth largest company in the world by market cap? Amid the growing AI and cloud-based computing demand from investors, few are in a better position than Amazon. Indeed, the firm’s Amazon Web Services (AWS) has been a clear growth drive. Moreover, its continued investment could have it bound to be one of the biggest Magnificent Seven gainers over the next year. Source: The Economic Times Also Read: Amazon Eyeing New Heights as AMZN Stock Could Surge in 2025 Amazon a Buy-Now Stock? Why Investors Seem Bullish on the E-Commerce Titan There are few brands as big or as well-known across the world as Amazon. The company currently dominates e-commerce in the United States with a 38% market share. For context, the next closest co