5 Set-It-and-Forget-It Stocks to Buy According to Financial Media

4. Amazon.com, Inc. (NASDAQ:AMZN)

Market Capitalization as of 2/10: $1 trillion

Amazon.com, Inc. (NASDAQ:AMZN) is viewed by many in the financial media as a big tech company that is both a leading e-commerce company and a leading cloud computing leader. Given both are still growth sectors, Amazon.com, Inc. (NASDAQ:AMZN) has earnings growth potential in the long term if it maintains its market share. Considering its leadership in cloud computing, Amazon.com, Inc. (NASDAQ:AMZN) is one of the better positioned companies to benefit from increasing AI adoption among corporations and startups as it would likely lead to more demand for cloud computing overall.

In the fourth quarter of 2022, Amazon Web Services grew sales 20% year over year and generated $21.4 billion in sales. Operating income for Amazon’s cloud business was $5.2 billion.