Amazon remains a strong growth stock opportunity

Amazon continues to show strong growth potential, despite its long history of success. The company's stock is currently trading around $200, with a market value of over $2 trillion. While many people think of Amazon primarily as an online retailer, significant growth is expected to come from its cloud-computing division, Amazon Web Services (AWS). AWS has become essential for businesses needing data services. This division has seen rapid growth, benefiting from a global increase in cloud spending. In the last quarter, AWS generated $28.8 billion in sales, reflecting an 18.9% increase, while its profits surged over 48% to $10.6 billion. Although AWS only makes up 15% of Amazon's total sales, it contributes to half of the company's operating profit. Amazon is also expanding in other areas, including advertising, which has proven to be a major revenue source. In the fourth quarter, Amazon's advertising revenue grew by 18% year on year to $17.3 billion. The retail division, which includes both online and physical stores, saw an increase in sales as well. Recently, Amazon's stock price has decreased, presenting a potential buying opportunity for investors. The current price-to-earnings ratio is 35, down from 43 earlier this year, which makes it more attractive. Even with recent losses, Amazon's strong growth prospects suggest it remains a solid investment for those looking to buy growth stocks. Investors can start with $3,000 to acquire shares and consider adding to their holdings in the future.