A Bull Market Is Almost Here: 1 Stock-Split AI Growth Stock to Buy Now With $175 and Hold Forever.
With a resurgence in stock splits, the allure is evident, typically preceding substantial stock price increases. Recent examples include Nvidia, Amazon, Shopify, Alphabet, and Tesla, all of which outperformed major market indexes over the past decade.
As the S&P 500 approaches a new all-time high, signaling the onset of a new bull market, investors are eyeing opportunities for future growth. Amazon, priced under $175 per share, stands out, having gained over 1,000% in the decade leading up to its last stock split.
The company’s diverse opportunities contribute to its appeal:
- E-commerce Dominance: Amazon is the most visited online retail site globally, accounting for 38% of all U.S. online sales. With the expected acceleration of worldwide digital retail from $3 trillion in 2023 to $5 trillion by 2028, Amazon is well-positioned to benefit.
- Cloud Computing Leadership: Amazon Web Services (AWS) remains the top cloud infrastructure services provider, with a 31% market share. Despite competition, AWS is expected to capitalize on the growing global cloud market, projected to reach $2.4 trillion by 2030.
- AI Adoption: Amazon’s use of AI for business operations and its extensive AI services for cloud customers position it at the forefront of the AI gold rush. As data continues to migrate to the cloud, Amazon is poised to benefit.
- Digital Advertising Growth: While often overlooked, Amazon is gaining prominence in the digital advertising market, set to control 7.5% of the global market in 2023. With online ad spending projected to grow, Amazon’s increasing market share is a significant opportunity.
Considering these factors, Amazon’s stock, currently trading at just 2 times forward sales, presents a compelling opportunity. Despite recent gains, the stock remains affordable by historical standards. As the anticipated bull market unfolds, Amazon is poised to reach new heights.
Investors looking for a promising AI growth stock with a limited budget of $175 can find a strong contender in Amazon.
