Doubling your money by 2030 is realistic if you stick with the right businesses. Owning proven brands with clear runways for growth can be a smart way to aim for big returns without making reckless bets with your savings. Amazon (NASDAQ: AMZN) and On Holding (NYSE: ONON) are both delivering high-double-digit revenue growth, and analysts expect earnings to rise around 20% annually in the years ahead.
Yet each stock trades at a reasonable forward earnings multiple -- setting up a credible path to a potential 2x return by 2030. This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » Amazon looks well-positioned for long-term growth. Its massive base of Prime members supports repeat purchases and steady subscription revenue.
On top of that, its fast-growing cloud business generates strong margins, which can translate into above-average earnings growth and better returns for shareholders. Through the second quarter of 2026, trailing 12-month revenue climbed 16% year over year to $775 billion. E-commerce is picking up steam, with sales up 15% year over year in the second quarter.
Amazon Web Services (AWS) is seeing strong demand for artificial intelligence (AI) tools, pushing cloud revenue up 37% year over year. AWS is now at a $169 billion annualized revenue run rate and delivering a sizable share of the company's profits. Ongoing efficiency gains, better capacity use, and lower-cost custom chips could help drive meaningful profit growth at AWS over the next several years.
Management expects increases in capital spending to support AI demand to drive healthy long-term margins. Analysts project earnings to grow about 20% annually in the coming years. With the stock trading at a reasonable forward price-to-earnings (P/E) ratio of 22, that kind of growth could plausibly support a 2x gain by 2030.
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