Amazon’s stock (AMZN) rose by 1.43% to $235.66, outperforming the S&P 500 and Dow, while also surpassing the Nasdaq. In the last month, the stock climbed by 4.33%, falling short of the Retail-Wholesale sector but outpacing the S&P 500.

Analysts anticipate Amazon’s upcoming earnings to show a 9.79% increase in EPS and 11.95% growth in revenue compared to the previous year’s quarter. Full-year estimates predict a 21.7% rise in earnings and a 10.85% increase in revenue from last year.

Amazon’s current Zacks Rank is #3 (Hold), with positive estimate revisions indicating analyst optimism. The Zacks Rank model incorporates these changes and has a successful track record, with #1 stocks delivering an average annual return of 25% since 1988.

With a Forward P/E ratio of 34.51 and a PEG ratio of 1.56, Amazon trades at a premium compared to its industry. The Internet-Commerce industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 97, placing it in the top 40% of over 250 industries.

A semiconductor company, positioned for growth in AI, ML, and IoT, is set to benefit from the booming semiconductor market projected to reach $971 billion by 2028. Investors seeking potential growth opportunities in the semiconductor industry may find this under-the-radar stock appealing.

Read more at Nasdaq: Amazon (AMZN) Laps the Stock Market: Here’s Why