Amazon.com, Inc. (AMZN) Is Facing High Cloud Growth Expectations, Says Jim Cramer

We recently published 11 Stocks Jim Cramer Discussed As He Revealed How To Become ‘King’ Of AI. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.

Amazon.com, Inc. (NASDAQ:AMZN), the world’s largest eCommerce retailer, is a regular feature of Cramer’s morning show. The CNBC TV host believes that the firm is not raising prices, and he is optimistic about its Alexa Plus AI service. Cramer made the following remarks about Amazon.com, Inc. (NASDAQ:AMZN) ahead of the firm’s earnings release:

“Brian Olsavsky, the CFO, he’ll give you a good read, but I remember a fight I had with him a couple of years ago where they were going for 12 down to 10. So it’s starting to go in the right direction, the numbers are so huge. Is there share take or is there just more to the cloud? If there’s more to the cloud then I think that Amazon will be fine.

“Earlier you mentioned the pressure on Amazon. Amazon opened at 235, and has since come back to 232. As a note of realism comes on that they better deliver 18 to 19 on Azure [later clarified that he meant AWS]. I think they’re fine with 17.

“. . .but one of the things that I’m betting Amazon will do is have a fantastic ad number like the Meta number.”

Amazon.com, Inc. (AMZN) Is Facing High Cloud Growth Expectations, Says Jim Cramer

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Cramer then proceeded to discuss Amazon.com, Inc. (NASDAQ:AMZN) after its earnings. Here is what he said on Mad Money:

“After the close, we drifted from lunacy back to reality. Amazon reported what I thought was a good quarter… Much better than expected sales at every division, even if the web services margin was like, oh, give me a break. Unfortunately, Amazon gave mixed guidance, but they always do that. That’s what they do. It’s my largest position in the Charitable Trust. I’m not worried about it at all. I am worried about, what do you think? What I’m worried about Figma’s law and Amazon stock got hit. But you know, please, I mean, it’s getting crushed in after hours. It’s just going to be another buy.”

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