Amazon stock declines 20% despite strong performance

Amazon had a strong year in 2024, posting a nearly 50% return and reaching a record high stock price of $237 in February. However, the stock has since dropped by almost 20%. Concerns among investors are rising as they analyze the company's future prospects. Despite the recent decline, there are indications that Amazon has a solid backlog of projects and a wide range of potential use cases for its services. Analysts are taking a closer look at Amazon, considering upgrades to its stock rating due to these factors. The company continues to be a significant player in the tech industry, with many believing it will bounce back from its recent lows. Investors are advised to remain cautious, as past performance does not guarantee future results. Each individual's investment strategy should align with their personal financial situation.