Prediction: Amazon Stock Will Soar After April 29

Amazon (NASDAQ: AMZN), along with many other tech giants, sank earlier this year during a difficult environment for growth stocks. Investors worried about the war in Iran as well as direct risks for artificial intelligence (AI) stocks -- for example, the idea that the revenue opportunity could disappoint.But, in recent days, Amazon has recovered its momentum and gone on to advance. In fact, the stock is up 10% for the year and is trading around its highest ever. Meanwhile, even after these gains, Amazon shares remain reasonably priced, trading at 32x forward earnings estimates -- a couple of years ago, they traded at more than 40x estimates. Now, my prediction is that Amazon's gains are far from over -- and this top tech stock will soar after April 29. Let's find out why. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool