Amazon Stock Is Down Over 10% in a Month. Start Small and Buy AMZN on the Dip Here.

The artificial intelligence (AI) trade has cooled over the last few trading sessions, and high-flying names have seen a selloff. Specifically, Amazon (AMZN) stock is down by more than 10% over the last month and in correction territory.

Last month, I noted that I was on the sidelines on AMZN stock even as legendary fund manager and self-declared “Warren Buffett devotee” Bill Ackman doubled down on shares. With Amazon coming off its recent highs, let’s take a look at whether the stock is a buy now.