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

The Nasdaq Composite (^IXIC 2.27%) 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 (AMZN 3.58%) 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 just getting startedAr ...