Wall Street analysts view Amazon as significantly undervalued among the Magnificent Seven stocks, with a 77% surge in the past year.
Amazon's strong first-quarter results included a 13% revenue increase to $143.3 billion, propelled by advertising and cloud services growth, with operating margin expansion.
Amazon's growth focus is on e-commerce, digital advertising, and cloud computing with forecasts of 8% annual online retail sales growth, and 15% and 14% compound annual growth rates for digital advertising and cloud computing.
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