Amazon Is the Only "Magnificent Seven" Stock I'd Buy With $1,000 Right Now
Amazon CEO Andy Jassy claims the company could run two trillion-dollar businesses within a decade through AWS and its online retail operations. AWS grew 39% last quarter with a $578 billion backlog, while Amazon's retail business is expanding rapidly with grocery sales tripling faster than other categories. The company is investing heavily in AI infrastructure and custom chips, though this has resulted in negative free cash flow of $42.4 billion over the past 12 months.


