We recently published 10 Stocks Jim Cramer Discussed As He Commented On Latest Tariffs. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.
Amazon.com, Inc. (NASDAQ:AMZN), one of the world’s largest eCommerce retailers, has recently started to become a regular feature on Cramer’s morning show. The CNBC host recently interviewed the firm’s CEO, Andy Jassy, and since then, he has discussed Amazon.com, Inc. (NASDAQ:AMZN) on nearly every Squawk on the Street appearance. Cramer’s latest remarks revolved around the firm’s Prime Day and Morgan Stanley’s pre-earnings coverage:
“I want to go away from Amazon Prime. A lot of people are saying it’s good, a lot of bad. There was an excellent piece by Morgan Stanley, that it’s not about Prime. It’s not about retail. It’s about Amazon Web Services, which you have long reminded me is really where the money is. What I thought that was interesting was, they’re saying that Azure’s got good numbers that could be harbinger for Amazon’s numbers. But they said the latest CIO survey shows that Amazon is gaining over Microsoft, Google, and Oracle. And then they even say, now I don’t know how important this really is, but non-Anthropic AWS growth speaks to the strength of the business. And Anthropic growth is going to be good. Now Anthropic, they’re mistaken. But David, what they’re really saying is that part that you really should be concerned about is not is not Prime. It’s web services. And the web service could be better. And because of that, that you really are looking at lower estimates. And they could beat those estimates. . . .And I thought that was interesting because this is the one, that I think a lot of people say, you know what, Jassy hasn’t done as well as the other guys. . .but I think Jassy’s doing well and I think that web services is really doing well.
“By the way, the Alexa Plus is going to be a big rollout in the fall. So they’re doing some things I think people aren’t including in the positive story about Amazon.”
A customer entering an internet retail store, illustrating the convenience of online shopping.
Previously, Cramer discussed Amazon.com, Inc. (NASDAQ:AMZN)’s shares and the Alexa assistant:
“Two things I want to emphasize. I don’t believe in the death cross and the golden cross. They never made me any money. And I’m not going to buy, I wanna buy Amazon because I think that the, I check Prime every minute, and I’m seeing more and more deals. I mean people, if you don’t check Prime every four hours, I don’t know what your problem is. I mean you’re not American.
“Plus I think Alexa Plus. . .she’s amazing. She knows classical, I mean she knows the difference between Jupiter symphony and like the Red Eye Jupiter. I mean she’s like smart. . .well now they got rid of Alexa’s voice, you can get any voice you want.”
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Disclosure: None. This article is originally published at Insider Monkey.
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