As part of a broader-market sell-off of growth stocks in recent weeks, shares of Amazon(NASDAQ:AMZN) have slid quite a bit. The stock is down more than 8% since mid-February and is 14% below an all-time high of $3,552.

Despite the growth stock's recent pullback, Amazon's underlying business is firing on all cylinders. Indeed, the company's most recent quarter obliterated analyst expectations.

Is this a good time for investors to consider buying a stake in the world's leading e-commerce and cloud computing company?

Even before COVID-19 hit and sparked a surge in e-commerce transaction volume, Amazon was doing very well. The company's 2019 revenue increased 20% year over year. But its 2020 performance was on a whole different level.

Total revenue surged 38% year over year to $386 billion. Even more impressive, growth picked up speed in the second half of the year compared to the first half -- and Amazon wrapped up the year with a blockbuster ending. Fourth-quarter revenue skyrocketed 44% year over year to $125.6 billion. 

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