What’s Behind the Amazon Transformation from Mega-Cap Laggard to Breakout Monster Stock?

For much of the past year, Amazon (AMZN) has felt like the forgotten member of the Magnificent 7.

While mega-cap stocks like Nvidia (NVDA), Microsoft (MSFT), and Meta (META) dominated headlines, Amazon quietly lagged — despite strong fundamentals, accelerating cloud growth, and expanding business lines. That disconnect is exactly why Amazon has now become one of the most compelling momentum setups in the market.