Think It's Too Late to Buy This Leading Tech Stock? Here's 1 Reason Why There's Still Time.

Core Viewpoint - Amazon has significant growth potential despite its large market capitalization of $2.3 trillion, driven by its leadership in e-commerce and cloud computing markets [1][3][6]. Group 1: E-commerce Growth - Amazon holds a dominant share of the U.S. e-commerce market, with online sales accounting for only 16.3% of total retail sales in the U.S. as of Q2 [3]. - The shift towards digital sales presents a substantial opportunity for established leaders like Amazon, which benefits from strong network effects [4]. Group 2: Cloud Computing Potential - In cloud computing, Amazon has captured about 15% of the market, with 85% of IT spending still occurring on-premises, indicating a significant growth opportunity [5]. - The gap between the real-world value of cloud services and market reactions is expected to provide a long-term tailwind for Amazon [5]. Group 3: Long-term Investment Perspective - Despite facing increased competition in cloud computing this year, Amazon's leadership in two high-growth industries makes it an attractive option for long-term investors [6].