Amazon's stock has underwhelmed investors this year with just single-digit returns thus far.

The stock market is having another solid year, with the S&P 500 up by 14% as of Monday's close. What's a bit surprising is that tech giant Amazon ( AMZN -0.15% ) , has risen by less than 4%. Despite being a big name in tech and investing in artificial intelligence (AI), there doesn't appear to be much hype around the stock these days.

Is there something wrong with Amazon's stock for it to have seemingly fallen out of favor with growth investors ? Let's take a closer look at what's been going on with the business this year and if there is indeed a reason to avoid Amazon right now, or if instead, this could be a glorious time to buy it.

Amazon's growth rate continues to be strong

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