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As Amazon Doubles Down on Robotaxis, Is AMZN Stock a Buy?

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Summary
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70% Informative

Amazon 's $1.3 billion purchase of Zoox in 2020 was an investment that is starting to look like it will pay off big time.

Amazon is an absolute behemoth in the e-commerce and cloud sectors.

The tech giant’s status in these two markets is going to dwarf any of its other bets in emerging technologies.

Amazon 's ability to reinforce its core competitive advantages has driven a valuation that continues to remain elevated relative to the market.