AMZN
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It should be a good short term play, with a 15-20% return relatively quickly, but I wonder about how much of the sell off is due to AWS?
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I should admit that my "analysis" might suffer from the common flaw that just because a stock has gotten cheaper, it doesn't mean it's cheap. Maybe AMZN was hugely overvalued at its peak, from which it's lost about 20% in the recent selloff. I'm just betting not.
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An underlying problem AMZN faces is over saturation. There’s not a lot of room for their shipping platform or entertainment platforms to grow. AWS is pretty well maxed, too. And it’s not worried about the kid in the basement, its challenge is Google. Google is buying up data centers while AWS is leasing… Many of AWS leases are coming due, while Google is purchasing and making offers to purchase the preexisting centers.
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I am hanging on to my quantum computing stocks (thanks @89th) which are up about 10x since I bought.
The downside is that I bought so little! LOL
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I am pretty sure you were the one who posted that you thought quantum computing stocks were going to be the next big thing. And of course, I get all my stock tips from here. 5555
I bought some shares of Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) each when they were about $1.50 near the end of 2024. But I was not sure enough of your tip to buy more than a couple of hundred USD of each.
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Well darn, I should've listened to myself. Both were over 3,000% up since late 2024! Now down to just 2,000% up, wow. Nice job!
The closest I could find to my reference of quantum is here btw... the timing lines up but I was not smart enough to think about stocks.
