$Amazon.com(AMZN)$ Amazon’s(NASDAQ:AMZN) cloud computing arm has prospered during the pandemic and beyond.With a 33% market share, it rules the roost. Still, with about $125 billion in cash as of June end, you can expect Alphabet to give Amazon significant competition.
The earnings misstep cost Alphabet big time. However, the tech conglomerate has a diversified business model that includes several different businesses, each of which is highly profitable. This provides Alphabet with a buffer against economic downturns. If you are looking for the best growth stocks, yet want some stability, this is a great investment.
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