From Nasdaq: 2024-04-10 05:06:00

Wall Street has seen its share of ups and downs in recent years, but the “Magnificent Seven” stocks have remained a safe haven for investors. These industry-leading companies, including Microsoft, Apple, and Amazon, have outperformed the market by a wide margin. However, billionaire investors have started to sell off these stocks, except for Amazon, which continues to attract their interest.

The success of Amazon lies in its ancillary segments, such as AWS, advertising services, and subscription services, which generate substantial cash flow for the company. AWS, in particular, has become a key revenue driver, with double-digit sales growth expected to continue. With a historically low valuation, Amazon stock presents an attractive investment opportunity for patient investors looking for long-term growth potential.



Read more at Nasdaq: Meet the Only “Magnificent Seven” Stock Billionaire Investors Are Absolutely Piling Into