AMZN - Are Investors Sleeping On This Asian Tech Growth Stock?
2023-08-10 05:10:00 ET
Many investors have made a fortune owning Amazon (NASDAQ: AMZN) stock. The e-commerce and cloud computing giant is now one of the largest companies in the world, sporting a market capitalization of $1.45 trillion. Shares are up over 30x in the last 10 years and up 1,000x since going public in the late 1990s, providing life-changing returns for those who bought and held for the long term.
Investors will likely do well holding on to their shares of Amazon, but it will be near-impossible for the stock to go on the same run for the next 25 years as it has for the last 25, due to the law of large numbers . But what about the next Amazon? Is there another innovative e-commerce stock for investors to buy, perhaps with a smaller market cap in a country where Amazon doesn't operate?
In fact, there is, and it just went public in 2021. It's name is Coupang (NYSE: CPNG) .
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Are Investors Sleeping On This Asian Tech Growth Stock?