We recently published 11 Stocks Jim Cramer Just Discussed As He Shared Why Stocks Are Rising. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.
July has seen Amazon.com, Inc. (NASDAQ:AMZN) increase the frequency of its appearances on Cramer’s morning show. Most of his discussions about the company have surrounded the firm’s Alexa Plus service and its potential to allow Amazon.com, Inc. (NASDAQ:AMZN) to stand shoulder-to-shoulder with America’s leading AI companies. Cramer also believes that the firm is playing a key role in keeping prices low in the US. Here are his recent thoughts about Amazon.com, Inc. (NASDAQ:AMZN):
“Well look I think that, in my speech that I’m giving on Friday, I talk about the idea of, there’s inflation brought on by tariffs and then there’s deflation brought on by Andy Jassy. And we have to start recognizing these stupid things that we get, for the CPI, PPI. . .Do they really take into account Amazon Prime? I mean take a look at the things that are about to be on sale . . .but these are really anti-inflation. And it just should matter. And no president has ever, I tried to get the Biden people to say why don’t you say something good about Costco, and they’re like, what are you talking about, I mean well a 150 million people is a huge number of people that belong to Costco.Why don’t you talk about Prime? None of the politicians want to touch anything good that we seem to do as business people.”
Previously, Cramer discussed his interview with Amazon.com, Inc. (NASDAQ:AMZN) CEO Andy Jassy:
“What I said to Jassy is when are we going to see the merger between Alexa Plus and robots. Because Alexa Plus is reasoning. And Alexa Plus can, you go back and forth with Alexa Plus. I’ve had my, you know I used to speak to regular Alexa and it was very one way. It was a really bad marriage. No I’m not kidding.
“Let’s talk money. Alexa Plus has lost them billions. This is not going to do that. This is about making money. So you’re gonna have a delta. When you see these things, that they’ve been losing money on and they switch like international, then you have to recognize wow. this is now a new trajectory. Nobody cares right now. It’s part of a group of stocks that people just think are not where the action is. And I think that that’s big mistake. I think that you could have Amazon Prime three days and you could raise numbers.
“[on whether Alexa could compete with ChatGPT, Siri, and others] I thin. . .Alexa Plus is very knowledgeable about a lot of things. Right now Siri, not that smart about things. Yesterday I got something wrong about HPE. HPE is going to be able to keep Aruba. Some of that was because I was looking at these sites during our show and the sites can misinform you.
A customer entering an internet retail store, illustrating the convenience of online shopping.
“I asked Andy Jassy by the way, whether, there was a Reuters story yesterday, that said his prices were, they did this analysis, and the prices are up already because of the tariff. Andy just point blank denied that. He said that this is not true. He did say that a lot of companies bought stuff forward. But he is not seeing any inflation from China yet. Now this is the crux of when will the Fed see it, when will we see it. We’re not seeing it yet.”
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Disclosure: None. This article is originally published at Insider Monkey.
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