Should You Buy Amazon Stock Now or Wait for a Dip?

Amazon stock is trading at an unusually low P/E multiple of 20-23x, down 6% in the past six months and underperforming the S&P 500. Despite this, the company continues to show solid growth with 20% sales increases and 43% operating income growth. The article suggests Amazon represents a bargain buy for long-term investors given its reduced valuation and AI opportunities, though it may face headwinds from broader tech sector concerns.