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Amazon Stock Is Up 50% This Year. Is It Still a Buy?

Amazon Stock Is Up 50% This Year. Is It Still a Buy?

Take Amazon (NASDAQ: AMZN), for example; its stock fell 50% in 2022 and has now risen about 45% in 2023. Its online stores revolutionized how consumers shop and how quickly packages are delivered, but Amazon is much bigger than that. While Amazon is known for the products it sells, this business isn't growing, as it was flat in Q1.