Did Jim Cramer Hit or Miss On These 13 Stock Predictions?

11. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 339

Amazon.com, Inc. (NASDAQ:AMZN), the e-commerce and cloud computing giant, was praised in that older episode after reporting a “lights out” quarter with strong results in AWS, advertising, and international segments. Here’s what Jim Cramer said at the time:

“Buyers reached for Amazon which reported last night an absolutely tremendous lights out quarter with strength in Amazon Web Services, advertising, and Amazon international. You absolutely have to love those positives. Amazon’s at the top of the class when it comes to generative AI. It’s got so much going for that it’s almost too long to list here. It was a smash hit! If you get a chance to read the release you will be blown away.”

The e-commerce giant has barely risen over the past 12 months, now up 5.12% overall.

Jim Cramer recently listed the biggest winners over the past 20 years and of course Amazon.com, Inc. (NASDAQ:AMZN) was included. Here’s what he said about it:

“Next, we’re entering cream of the crop territory. In sixth place, we find a Magnificent Seven named Amazon, up more than 10,700% gain in the Mad Money era. When this show began, Amazon was a lowly survivor of the Dot-com bust, growing its e-commerce business nicely, but still barely profitable. Since then, though, it’s grown into a colossus with its sprawling e-commerce business and a bountiful cloud infrastructure division.

Now, as a mega-cap tech giant, Amazon has all sorts of exciting new growth opportunities, from a still underappreciated advertising business to the Prime membership program that’s brought the company into the streaming media space. Much, much more. Amazon reports on Thursday night and while I’m sure there’ll be a lot of talk about tariffs of course, and the state of the consumer, this is one of the few retailers with enough bargaining power to truly mitigate these new import duties and I still like it for the long haul [buy, buy, buy].”