Up Just 2% and Still Dominant: Is Amazon the 1 Growth Stock Worth Buying Right Now?

Amazon's stock has underperformed the broader market with only 2.5% gains over three months, but the article argues it presents a compelling buying opportunity. The company maintains dominant positions in e-commerce and cloud computing (AWS), with AWS growing 36.8% year-over-year. Despite investor concerns about $220 billion in capital expenditures, Amazon's valuation has become attractive with a P/E ratio of 22, down from 35 a year ago and well below its five-year median of 50.