Can Amazon stock reach $200 in 2024?

Since the calendar turned to 2024, the US stock market found itself in a tough spot. Amazon (NASDAQ: AMZN) is among stocks that had a slow start to the year, but despite that, the e-commerce giant’s impressive performance last year should not be overlooked. Bolstered by a rapid expansion in the artificial intelligence (AI) space and the resilient recovery of the online advertising sector, AMZN soared, registering an impressive 80% gain. A linchpin among the Magnificent Seven stocks, Amazon played a pivotal ...