Amazon.com (AMZN) Is Just Disrupting Retail, Says Jim Cramer

We recently published 13 Latest Stocks on Jim Cramer’s Radar. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.

Due to its key role in the eCommerce and cloud computing industries and market value, Amazon.com, Inc. (NASDAQ:AMZN) is a regular feature of Cramer’s morning and evening coverage. One theme that the CNBC TV host caught on to after the firm’s second quarter earnings was a dip in cloud sales that Cramer initially believed might have been due to the firm relying on its in-house AI chips. However, he then changed tack and remarked that perhaps Amazon.com, Inc. (NASDAQ:AMZN) was right in evaluating the costs of AI chip performance as well. This time, he discussed how the firm’s eCommerce dominance was shaping investors’ minds:

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“One of the things that I think that people forget, is that there are brick-and-mortar companies that know how to do the food business. And one of the reasons why they forget David is that there’s a lot of talk about Amazon. And the Amazon initiative and how big it’s going to be. So I think that you’re going to see, let’s say the American people are going to be treated to both Kroger and Amazon delivering goods. I don’t know who wins, but I’ve got tell you, Amazon, that stock was down very badly yesterday and people are rallying and immediately buying it.”

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Disclosure: None. This article is originally published at Insider Monkey.