MELI - Forget Amazon; Buy This Unstoppable Growth Stock Instead
2024-05-08 04:25:00 ET
Amazon has been one of the best-performing stocks in the history of the stock market, and new advances in artificial intelligence (AI) have created a new wellspring of opportunity for the e-commerce king.
However, while Amazon may continue to grow and gain, there's another e-commerce company that's growing faster and might have even greater opportunities. If you're looking for a powerhouse growth stock with massive potential, consider MercadoLibre stock (NASDAQ: MELI) .
It's not easy to boast high sales growth for long periods of time, but MercadoLibre continues to wow the market with consistently high revenue increases. They accelerated early in the pandemic to triple-digit numbers, and now they've decelerated comfortably into high double digits.
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Forget Amazon; Buy This Unstoppable Growth Stock Instead