Amazon has been underperforming major indexes and other tech giants, despite strong results in e-commerce, cloud infrastructure, and digital advertising. The company’s stock has only seen a 3% increase year to date, compared to 16% for the S&P 500 and 20% for the Nasdaq.

Despite its leading position in cloud services, Amazon stock has lagged compared to other tech giants. The company’s share price is up only 43% over the last five years, far below the 86% total return of the Nasdaq Composite index. Is Amazon still a top long-term buy, or is the stock stagnant?

Amazon’s stock has significantly underperformed compared to other tech giants, impacted by pandemic-related conditions and inflation. However, the company still leads in cloud services like Amazon Web Services (AWS). Positive growth in e-commerce and digital advertising is not reflected in the stock’s valuation, but future growth opportunities could be underestimated.

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Read more at NASDAQ: Is Amazon Stock a Buy Right Now?