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the combination of higher earnings and valuation expansion.10 stocks we like better than Amazon ›Adding companies to your portfolio that are rapidly growing revenue or earnings can be a smart way to see your money compound. The challenge, of course, is to identify the businesses that can perform well over long periods. Fundamental gains can be short lived, so it makes sense to figure out the right opportunities that are durable. Thankfully, there's something hiding in plain sight.Investors looking for a top growth stock to buy with $1,000 should seriously consider this dominant tech business. Continue reading to learn more.Image source: Amazon.The company in question is Amazon (NASDAQ: AMZN), which has become one of the world's most valuable enterprises. Its market cap is just under $2.5 trillion (as of Dec. 30). And over the last 12 months, it has collected $691 billion in revenue. That's a massive sum, but there's one obvious reason to believe Amazon's top line will keep expanding, eventually crossing the $1 trillion mark with ease. The business is positioned to gain from multiple secular trends. We all know Amazon as the dominant player in the e-commerce market. Consumers can find almost anything they desire on the online marketplace, even cars. While this segment is more mature these days, it still has expansion potential. In the U.S., 84% of the retail sector is still represented by in-person shopping. There's no business better positioned to continue benefiting from this trend.Amazon also holds a long-held leadership position in cloud computing. There is pressure from rivals like Microsoft Azure and Alphabet's Google Cloud, but Amazon Web Services (AWS) is the top player in the market. Grand View Research estimates the global cloud industry's revenue will triple to $2.4 trillion in 2030. What's more, CEO Andy Jassy believes that 85% of IT spending has yet to transition to the cloud, so there's plenty of opportunity to grow meaningfully for a long time.When it comes to artificial intelligence (AI), AWS is Amazon's golden goose. Businesses in virtually all industries want to harness the power of this technology to improve their operations and stay competitive. Leaning on AWS and its various AI products and services is a no-brainer decision. Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,858.47 +12.97 (+0.19%)Dow 3048,382.39 +319.10 (+0.66%)Nasdaq23,235.63 -6.36 (-0.03%)Russell 20002,508.22 +26.32 (+1.06%)VIX14.51 -0.44 (-2.94%)Gold4,329.60 -11.50 (-0.26%)Trending tickersBTC-USD Bitcoin USD 90,023.52 +382.48 (+0.43%)XRP-USD XRP USD 2.01 +0.09 (+4.71%)ETH-USD Ethereum USD 3,102.34 +16.40 (+0.53%)PLTR Palantir Technologies Inc. 167.86 -9.89 (-5.56%)^GSPC S&P 500 6,858.47 +12.97 (+0.19%)PortfolioSign in to access your portfolioSign inTop gainersFLNC Fluence Energy, Inc. 23.01 +3.23 (+16.33%)SNDK Sandisk Corporation 275.24 +37.86 (+15.95%)SMR NuScale Power Corporation 16.31 +2.14 (+15.10%)BIDU Baidu, Inc. 150.30 +19.64 (+15.03%)ASTS AST SpaceMobile, Inc. 83.47 +10.84 (+14.93%)Top losersPAY Paymentus Holdings, Inc. 28.47 -3.12 (-9.88%)KVYO Klaviyo, Inc. 29.32 -3.15 (-9.70%)LQDA Liquidia Corporation 31.40 -3.09 (-8.96%)APP AppLovin Corporation 618.32 -55.50 (-8.24%)PSNY Polestar Automotive Holding UK PLC 19.81 -1.56 (-7.30%)Most activeONDS Ondas Holdings Inc. 11.02 +1.26 (+12.91%)NVDA NVIDIA Corporation 188.85 +2.35 (+1.26%)PLUG Plug Power Inc. 2.2300 +0.2600 (+13.20%)INTC Intel Corporation 39.38 +2.48 (+6.72%)TSLA Tesla, Inc. 438.07 -11.65 (-2.59%)Top economic eventsEarnings eventsMy earnings eventsEarnings events