Amazon's stock surged 3.8% post-election, reaching an all-time high, fueled by optimism surrounding a potential second Trump presidency and robust company performance.
Despite Amazon's past five-year performance trailing behind the Nasdaq 100, the stock's recent uptick suggests a promising outlook as it recovers from previous losses.
With a P/E ratio of 32.5, Amazon is considered undervalued for a company in the tech sector, indicating strong potential for future growth.
The combination of a favorable political environment and a modest valuation might be key drivers for AMZN stock's performance over the next few years.
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