If You Buy Amazon Stock Today, Will You Become a Millionaire by 2030?

To say that Amazon (NASDAQ: AMZN) has been a wildly successful investment would be putting it very lightly. The e-commerce, cloud computing, and digital advertising juggernaut's shares have catapulted 1,420% higher in the past decade (as of Jan. 30). Even in the past one-, three-, and five-year time frames, it has outperformed the Nasdaq Composite.With those types of monster gains, there's no question that early investors have gotten wealthy from owning Amazon. But if you buy the "Magnificent Seven" stock today, will you become a millionaire by 2030?Investors are always drawn to businesses that report incredible growth. However, what separates Amazon is that its growth has proven to be durable, standing the test of time. Even with a sales base in the hundreds of billions of dollars, revenue was up 11% in third-quarter 2024 on a year-over-year basis. That figure was also 43% higher than in the same period three years before in 2019.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool