Investors need to stay patient with this durable compounding stock.
Each quarter, another stock seems to start lagging the so-called winners in artificial intelligence (AI), namely Microsoft , Nvidia , and Palantir Technologies . This summer, it is Amazon ( AMZN -0.23% ) that has begun to fall behind the pack.
The cloud computing, e-commerce platform, and logistical infrastructure giant saw its stock drop 10% from highs after reporting slower growth in its cloud computing division compared to the competition. However, if you are an investor focused on the long term, you know that it is better to focus on the broad forest while Wall Street looks at the individual trees.
Here's why Amazon stock is set to soar for the rest of the decade and can become larger than Nvidia and P