Amazon's stock is currently perceived as a bargain, with its share price lower than those of competitors like Apple and Walmart. This shift in perception comes after a recent drop in Amazon's share price, which has led to a valuation not seen since the company went public in 1997. Analysts are optimistic about Amazon's long-term earnings growth, suggesting that the current price may not reflect the company's potential. In contrast, Google shares have seen a significant increase, with the price rising from $86 in early 2023 to over $170, despite the company's earnings per share (EPS) growing from $4.41 to $8.06 during the same period. However, Google remains undervalued in comparison to its earnings growth, making it an attractive investment opportunity.