Updated November 25, 2022 / Original November 23, 2022
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Back in July, I wrote a Barron’s cover story that made a bullish case for Amazon.com tied to the enormous long-term value of the company’s cloud-computing arm, Amazon Web Services. Mea culpa. Amazon shares have since fallen 25%, amid concerns about the near-term growth prospects for both the company’s core e-commerce business and for AWS.
While those worries are valid, I’m more convinced than ever that it makes sense to buy Amazon com (ticker: AMZN) shares for the long haul. So, while shopping for Squishmallows and Barbie Dreamtopia Mermaid dolls over the holiday season, you might want to commit a few bucks to Amazon shares, as well.