Satellite radio giant Sirius XM Holdings (NASDAQ:SIRI) was once a millionaire maker. The stock soared during the dot-com boom, and many Sirius XM investors expected the good times to continue for a long time.

But Sirius XM’s stock price plummeted when the dot-com bubble burst, and it hasn’t looked like a millionaire manufacturer in a very long time. These days, Sirius XM offers a generous dividend yield and some hope of recovery, and Top investor Warren Buffett buys the actions in 2024. So this title still has some appeal, but I find it hard to get excited about Sirius XM’s focus on the clunky satellite radio service. Why not reorganize the business around online streaming instead, now that high-speed wireless Internet connections are readily available almost everywhere?

I respect Buffett’s Sirius XM strategy and hope it works for investors who follow his lead. However, I prefer to observe the company’s recovery efforts from the sidelines.

There are other winners from the dot-com era in the market today. Amazon.com (NASDAQ:AMZN) not only survived the bubble burst, but thrived by essentially creating two new industries out of whole cloth. Let’s take a closer look at this e-commerce and cloud computing giant.

How Amazon is shaping and creating industries with its flexible business model

With a market capitalization of $2.1 trillion and headquarters in the table of the “Magnificent Seven”Amazon is a true commercial giant.

The global e-commerce network reported net revenue of $131 billion in the third quarter, up from $120 billion in last year’s report. Cloud computing platform Amazon Web Services (AWS) generated operating profit of $10.4 billion. Annual sales have been soaring ever since, and Amazon’s free cash flow has returned to $43 billion a year after a brief decline.

AMZN (TTM) Earnings data by Y Charts

This is not a plot twist story. Amazon management has a knack for pioneering new business ideas, which translates into strong financial results. The company has created a global IT service that allows Google’s parent company Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) shame in many ways, and Prime shipping service makes FedEx (NYSE:FDX) look old-fashioned. Same day delivery, what do you think?

Consider Amazon’s Unique Blend of Growth Potential and Valuable Stocks

Looking ahead, Amazon is expanding its international e-commerce operations as it seeks market positioning. artificial intelligence (AI) boom. This multi-billion dollar company still behaves like a hungry little upstart. Yet the stock is now valued at a modest price, at 3.4 times sales and 43 times earnings.

If you are looking for an affordable AI stock and Magnificent Seven representative, Amazon could be a perfect solution. It is also a global leader in online retail operations and cloud computing services. The Prime Video service is also an award-winning operation with ambitious global growth goals. And you simply won’t find another company that can fill all these promising roles at once.

Amazon is a smart investment choice for all seasons

Amazon has made many early investors rich and continues to offer promising long-term growth prospects today. And if you’re only interested in Sirius XM because Warren Buffett is investing $2.8 billion in it, Amazon isn’t far behind with a $2.0 billion stake in Buffett.

All things considered, Amazon stock offers a balanced mix of growth and value qualities. I’d say it’s “the best of both worlds,” but Amazon straddles the boundaries of so many industries and business ideas that “both” is an understatement. Let’s just say that it’s hard to go wrong investing in Amazon, even if you start with a multi-billion dollar valuation.

Should you invest $1,000 in Amazon right now?

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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Anders Bylund holds positions at Alphabet and Amazon. The Motley Fool holds positions and recommends Alphabet, Amazon and FedEx. The Motley Fool has a disclosure policy.