Nasdaq Correction: 1 Magnificent Stock Down 20% From Highs to Buy Now and Hold Forever

The Nasdaq Composite (NASDAQINDEX: ^IXIC) is making its way back up after falling into correction territory, and as of Monday's close, it's down almost 6% this year. That's an average of about 2,500 stocks, so some are doing much better, and some are doing much worse.Amazon (NASDAQ: AMZN) is about 16% off of its highs even though it reported a fabulous performance in the 2024 fourth quarter, and it's an incredible opportunity to buy shares on the dip. Here's why.Artificial intelligence (AI) is opening up new avenues of growth for many companies, including Amazon. Amazon has used AI in its business for decades, but the classic type, which gathers and sorts data. The company used it to determine the best delivery routes for shipments, what merchandise to carry, and what products to recommend to customers, among other things.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool