Down 13% in 1 Month, Is Amazon a Buy, or Is the Worst Still to Come?

Amazon stock has fallen 13% into correction territory, raising concerns about high capex spending ($200B) and consumer spending patterns. However, the article argues the stock appears reasonably priced with a P/E of 28 (below S&P 500 average of 32), strong Q1 growth (17% net sales, 77% net income increase), and AWS outperforming cloud industry forecasts at 28% growth versus 16% industry average.