Amazon looks like a misunderstood opportunity in the red-hot artificial intelligence (AI) landscape.
Over the last year, investors have turned to the “Magnificent Seven” stocks in search of outsized gains, and for good reason.
Mega-cap tech companies such as Nvidia, Microsoft, Alphabet, and Meta Platforms have all outperformed the S&P 500 and Nasdaq Composite over the last 12 months. Much of these gains can be attributed to a rising interest in artificial intelligence (AI), a market dominated by the Magnificent Seven.
Yet despite the impressive performances of the companies above, I see another member of the Magnificent Seven as a superior choice for long-term investors.
E-commerce and cloud computing giant Amazon (AMZN -0.30%) has underperformed the Nasdaq over the last year and has basically generated returns in line with those of the S&P 500.
With shares down roughly 14% over the…
