10 Stocks On Jim Cramer’s Radar Including Big Tech Firms

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders In Q1 2025: 328

Amazon.com, Inc. (NASDAQ:AMZN) appears to have fallen out of favor with investors after the latest earnings season. The shares dipped by 9.6% between late July and August start after the firm’s latest earnings report cast doubt in investors’ minds about its cloud computing growth. Cramer’s previous comments have speculated that Amazon.com, Inc. (NASDAQ:AMZN) is losing market share because it is unwilling to spend money on NVIDIA’s GPUs and is focusing on using its in-house AI chips instead. He mentioned Amazon.com, Inc. (NASDAQ:AMZN)’s cloud computing once again during these remarks:

“We’re in the era, this is what happens, The two big overhangs in this market had been Apple waiting for the sword of Damocles and Amazon, trading down because Amazon Web Services is viewed as a share donor. Both of those seem to have been forgotten. David, the forgotten negatives there has been replaced by we’re dumping the big tariffs for now.”

Previously, Cramer discussed Amazon.com, Inc. (NASDAQ:AMZN)’s cloud business in its relationship to Microsoft’s Azure division:

“Let me give you two salient ones. First is Amazon, the company we know as a retailer, put up fantastic retail numbers when it just reported. It crushed in advertising, but when it came to its quiet Amazon Web Services division, the business where the big money’s made, the one that competes with Microsoft Azure division and Google Cloud, well, guess what? We got a whole new narrative. It was one of a penny-pinching Amazon, underspending and not buying the latest and greatest NVIDIA chips, the ones that young companies thrive on when they want to develop software. This narrative of Amazon being a share donor to OpenAI swept through Wall Street… But then yesterday, Amazon announced a deal with OpenAI that could be the beginning of an effort to catch up. Customers might not migrate to Microsoft Azure, which is joined at the hip with OpenAI. More important, it was a signal that the shorts had pressed their bets too hard and longs flooded into the stock that had been down 10% between Friday and Monday. This is Amazon. By midday, I wondered if the shorts didn’t get wise to the fact that Amazon’s no pitiful, helpless giant. If it wants to play catch-up, it will simply spend more money because it’s got it to spend.”

While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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