The Ultimate Growth Stock to Buy With $1,000 Right Now

Growth stocks, particularly in the industry of technology, have helped the S&P 500 roar higher in recent years, climbing in the double digits in 2023 and 2024 -- and now, the benchmark is heading for yet another double-digit increase in 2025. Considering this, you may think that it's too late to get in on growth stocks -- that they're either too expensive today or have reached their earnings and stock performance peaks.

But I have some good news for you. Many growth stocks remain reasonably priced and continue to offer fantastic long-term prospects. One, in particular, stands out, though, thanks to its established track record in two major industries and signs that show another wave of growth taking shape. With $1,000, or even much less, you can scoop up shares of this consumer goods and tech giant. Let's find out more.

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A company you may know well

You may be familiar with this company as you might turn to it daily for your groceries or general shopping, or you might rely on it for entertainment, such as books and movies. I'm talking about Amazon (NASDAQ: AMZN). The company is an e-commerce powerhouse, generating billions of dollars in revenue quarter after quarter, but it also is the world's biggest cloud service provider through its Amazon Web Services (AWS) business.

Together, these businesses are driving growth at Amazon, and much more may be on the horizon. This is because Amazon has made and is making a variety of efforts to streamline its operations and supercharge growth -- and these are producing tremendous results.

Amazon, a few years ago, redesigned its cost structure, an effort that's lowered its cost to serve and is boosting profitability. This included the major move of shifting its fulfillment network to a regional model from a national one -- inventory is therefore closer to the customer, resulting in speed and lower delivery costs for the company.

Amazon is set to reach its fastest delivery speeds ever this year, and the company is making moves to win in rural areas, for example, investing $4 billion to strengthen its delivery network -- these small towns generally are underserved, so they could represent a key growth area.

Using AI in e-commerce

The company also has integrated artificial intelligence (AI) into the e-commerce experience, with the shopping assistant Rufus, and uses AI to further streamline the fulfillment process. All of this pleases customers, encouraging them to come back, and supports earnings growth. Monthly users of Rufus have soared 140% year-over-year, Amazon said in the recent quarter -- and shoppers using this AI assistant are 60% more likely to make a purchase.

Now, speaking of AI, the technology already is driving significant gains for AWS. It's important to keep in mind that AWS dominates the cloud service market and, therefore, is well-positioned to lead in AI. Since companies' data, to a great degree, already are on AWS, it's not surprising that many of these customers are turning to AWS for AI too.

AWS offers these customers an enormous variety of AI options -- from top Nvidia chips to Amazon-developed chips for the more cost-conscious customer and a fully managed AI service called Amazon Bedrock. Customers can rely on AWS for all of their AI projects, including basics like the training of models to actually applying AI to their needs using AI agents.

Reigniting growth

All of this has helped reignite AWS' growth, with the unit delivering its fastest growth rate in 11 quarters in the most recent period. AWS revenue jumped more than 20% year-over-year, and the unit's annualized revenue run rate reached $132 billion. And a fresh wave of growth may lie ahead as customers continue to pile into AI products and services.

Of course, Amazon does face some headwinds. U.S. import tariffs on goods could weigh on earnings, and any dip in consumer confidence might hurt demand for discretionary purchases. As for AWS, though it's a leader, it still faces cloud competition from other giants like Microsoft as well as smaller AI-focused players like CoreWeave. Still, I wouldn't expect these challenges to pose significant problems for Amazon over the long term.

And right now, Amazon offers investors a clear opportunity. The stock trades for 31x forward earnings estimates, a very reasonable level for a market leader winning in the growth areas of e-commerce, cloud services, and AI. All of this makes Amazon the ultimate growth stock to buy right now with $1,000 or even less -- and hold onto for the long haul.

Adria Cimino has positions in Amazon. The Motley Fool has positions in and recommends Amazon, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.