Amazon.com, Inc. (AMZN): “Alexa’s Getting An Upgrade,” Says Jim Cramer

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Jim Cramer Warns Viewers About FOMO & Discusses These 19 Stocks.

Amazon.com, Inc. (NASDAQ:AMZN) is one of the biggest eCommerce companies in America. When compared to other mega-cap technology stocks, Cramer doesn’t discuss the firm as often. One rarely discussed aspect of Amazon.com, Inc. (NASDAQ:AMZN) that he has mentioned is the firm’s potential to disrupt the pharmacy market in the US. Cramer has advised pharma companies like Walgreens to be wary about Amazon stealing their market. The CNBC TV host has also discussed Amazon.com, Inc. (NASDAQ:AMZN)’s near-ubiquity due to the firm’s presence in lucrative industries such as eCommerce, web services, and cloud computing. This time around, he commented on the firm’s digital assistant Alexa:

“[In response to Faber asking when the robots will come online] I don’t think people realize what’s coming. Which is that right now, Alexa’s getting an upgrade and it’s a digital assistant and it’s gonna help you more. And it might be able to turn on your coffee maker, okay. The robot, will say, Mr. Cramer, because I prefer that, Mr. Cramer, how much cream you want today, and I’ll say no I gained a pound yesterday can I switch to skimmed. And it’ll be like, no problem, Mr. Cramer. The thing will be so subservient, it’s really kind of crazy. By the way this is true what I’m saying. I saw one of these at the conference.”

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Previously, Cramer discussed Amazon.com, Inc. (NASDAQ:AMZN)’s latest earnings report:

“Then there’s Amazon, which is trading lower after hours because the company gave a conservative forecast for the second quarter, as they typically do. And who can blame them given the impossible-to-game tariff situation.

But looking at the first quarter results themselves, Amazon also reminded us why it’s one of the world’s best companies. Why you can’t bet against it.

Sales grew 9% year-over-year, topped expectations by over $600 million, led by double digit growth from Amazon Web Services, and the company’s increasingly important advertising business. The gross margins there are insane. Earnings per share, meanwhile, is up an incredible 62%. Beat the $1.36 consent assessment by 23 cents.

Now, one of the more quizzical things from the Amazon quarter were the results from the Amazon Web Services cloud computing business, which is such a fabulous business. Sales were up 17%, very good, but that was light- that was light of what we expected.

The operating margins on the other hand were fantastic. They reached nearly 40%, street was only looking for 35. And that’s why Amazon Web Services segment profit came in over $1 billion above expectations. Essentially, all the total company’s bottom line beat in the quarter. But you know, again, people found a little bit of what we call ‘hair on the story’.”

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