Amazon: Stock to Avoid or Once-in-a-Decade Buying Opportunity?

Amazon (NASDAQ: AMZN) is part of our daily lives as we shop at this e-commerce giant for essentials and general merchandise -- and even turn to the company for its selection of books and movies. But the company's biggest profit driver isn't e-commerce. What drives profit at Amazon is the company's cloud computing business, Amazon Web Services (AWS). Over time, AWS has built out a vast range of services for its customers and has become the world's biggest cloud service provider. And in recent years, this has allowed Amazon to become a key player in one of the highest-growth technologies around: artificial intelligence (AI). The company offers AI infrastructure as well as products and services through AWS, but to do this, it must invest significantly.In fact, in the latest earnings report, delivered yesterday, Amazon said it would spend $200 billion across the company, but with a focus on AWS, to address demand. Following this news, the stock fell about 10% in pre-market trading. Is Amazon a stock to avoid at this time of significant spending? Or is it a once-in-a-decade buying opportunity?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool