1 Super Growth Stock Is Down 90% and Reminds Me of Amazon in 1999

Amazon (NASDAQ: AMZN) has been one of the best investments of all time. But the road hasn't always been easy for investors. From 1999 to 2001, Amazon shares fell in value by as much as 90%. It wasn't until 2009 that shares surpassed their former all-time highs -- nearly a decade of sideways returns! Of course, after that point, shares skyrocketed, making Amazon one of the most valuable companies in the world.Right now, there's one growth stock that reminds me a lot of Amazon in 1999. However, big returns could come much sooner than people expect. In fact, Amazon is the biggest shareholder of the company below, owning roughly 14% of the entire business. In 2021, several electric car stocks went public to great fanfare. Expectations were incredibly high, and at one point, some EV stocks were trading at 7,500 times sales. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool