Amazon and two other stocks to consider buying and holding indefinitely for long-term growth. Amazon's e-commerce and cloud computing businesses have shown strong growth, with its e-commerce business accounting for 61% of its total revenue and its cloud computing business, Amazon Web Services, accounting for 18% of its total revenue. Amazon's advertising segment has also seen significant growth, with a 23% increase in ad revenue in Q2.
Amazon (AMZN) and two other stocks offer promising long-term growth prospects. Amazon's e-commerce and cloud computing businesses have shown strong growth, with its e-commerce business accounting for 61% of its total revenue and its cloud computing business, Amazon Web Services (AWS), accounting for 18% of its total revenue. Additionally, Amazon's advertising segment has seen significant growth, with a 23% increase in ad revenue in Q2 [2].
AWS, while facing challenges in growth rates compared to rivals like Microsoft's Azure and Google Cloud, remains a high-margin business that is crucial for Amazon's valuation. Despite a slower growth rate, AWS is expected to accelerate its revenue growth rate back to around 20% sometime next year [1]. Investors should remain patient as Amazon continues to invest heavily in AI-driven services to build its cloud business's long-term growth [1].
Another stock to consider for long-term growth is CrowdStrike (CRWD). The cybersecurity company has shown strong engagement with its customers, with 48% of its customers using at least six of its modules. CrowdStrike estimates its total addressable market for AI-native security solutions to grow from $116 billion this year to $250 billion by 2029 [2]. The company's resilience in the face of past challenges and its strong position in the cybersecurity industry make it a solid choice for long-term investors.
References:
[1] https://finance.yahoo.com/news/amazons-slowing-cloud-growth-could-continue-to-drag-on-its-stock-145741949.html
[2] https://finance.yahoo.com/news/2-breakout-growth-stocks-buy-112500625.html
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