On Friday, Mad Money host Jim Cramer shared his evolving view of Elon Musk’s company as he provided both praise and caution in light of recent developments involving Musk and President Donald Trump. Cramer began by expressing admiration for the company’s self-driving technology, which he believes far exceeds that of Alphabet’s Waymo.
“Their unique self-driving capability is backed up by an NVIDIA-powered neural network that I feel is best to breed. The technology’s based on visual perception. I’ve driven in Waymo, which has more reliance on a mapping and radar system, and it worked fine, but I trust the system based on visuals.”
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Cramer also emphasized the company’s ambitious move into robotics. He pointed out that Musk believes robots will become essential to everyday life. Cramer noted that if Musk is correct, the Optimus division could eventually be worth as much as the entire company. He went on to say that he once gave the company stock a high rating and considered investing in it for the Charitable Trust, as he has long admired the company. Despite that, he admitted he never quite managed to commit to buying the stock. He added that on Thursday night, he revised the stock’s rating.
“It’s lower, but it may not be low enough because the world changed for Tesla and all of Musk’s myriad businesses the moment he broke with Trump.”
He warned that analysts who continue to treat the rift with Trump as a minor hiccup are failing to grasp the seriousness of the situation. As per Cramer, it is one thing to oppose the president’s policies as can that can fall within the realm of business, but Musk’s move on Thursday went beyond disagreement and entered personal territory.
Our Methodology
For this article, we compiled a list of 17 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on June 6. We listed the stocks in ascending order of their hedge fund sentiment as of the first quarter of 2025, which was taken from Insider Monkey’s database of 1,000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Jim Cramer Commented on These 17 Stocks
17. Novo Nordisk A/S (NYSE:NVO)
Number of Hedge Fund Holders: 60
Novo Nordisk A/S (NYSE:NVO) is one of the 17 stocks that Jim Cramer commented on. During the episode, Cramer said that he prefers Eli Lilly to Novo Nordisk A/S (NYSE:NVO). He commented, “Novo Nordisk, well, we’re not Novo people. We’re Eli Lilly people.”
Novo Nordisk (NYSE:NVO) develops and distributes pharmaceutical products for diabetes, obesity, cardiovascular conditions, and rare diseases. The company offers treatments, smart insulin solutions, and drug delivery devices. On May 2, Cramer had the following opinion on the company:
“Next, did Novo Nordisk deliver a knockout punch to Eli Lilly when it signed a deal to be the preferred GLP-1 supplier to CVS on Lilly’s earnings day, no less? What a comeuppance. I think there’s plenty of gas in the Lily tank, especially once it tells it’s, you know, once it’s got this pill formulation that’s going to be available next year. I think it’s going to matter tremendously.”
16. Waste Management, Inc. (NYSE:WM)
Number of Hedge Fund Holders: 66
Waste Management, Inc. (NYSE:WM) is one of the 17 stocks that Jim Cramer commented on. Cramer discussed Waste Management, Inc. (NYSE:WM) during the episode and said:
“Waste Management couldn’t break through the 236 level today. I was quite surprised. I thought it would’ve done that.”
Waste Management(NYSE:WM) delivers environmental solutions, including waste collection, recycling, renewable energy production, and regulated waste services. The company also manages landfill operations and provides secure document destruction and sustainability consulting. Impax Asset Management stated the following regarding Waste Management, Inc. (NYSE:WM) in its Q1 2025 investor letter:
“Waste Management, Inc. (NYSE:WM) (General Waste Management, US) advanced higher during the period, driven by strong operational results which included record margins from its core collection and disposal business. The company remains well positioned to benefit from further pricing gains, contributions from sustainability investments, and synergies from the 2024 Stericycle acquisition.”
15. Bristol-Myers Squibb Company (NYSE:BMY)
Number of Hedge Fund Holders: 69
Bristol-Myers Squibb Company (NYSE:BMY) is one of the 17 stocks that Jim Cramer commented on. During the episode, Cramer said that he needs to see Bristol-Myers Squibb Company (NYSE:BMY) stock go back up.
“Bristol Myers, Charitable Trust owns it. So far, we’re not happy with COBENFY. It’s a little disappointing. We need to see that stock back up at 60.”
Bristol-Myers Squibb (NYSE:BMY) develops and markets biopharmaceuticals targeting conditions in oncology, hematology, immunology, cardiovascular, and neuroscience. On May 14, during an episode of Mad Money, Cramer remarked:
“Let’s get started with the stocks that sold off hard today, because I think it’s really important, because you know most, if not all, of these companies. Why don’t we start with Bristol Myers, which we own for the Charitable Trust? Now here’s a drug company with a decent oncology franchise that happens to be facing what’s known as a huge patent cliff, alright… meaning it’s about to have some highly lucrative drugs lose their patent protection, therefore not make them much money at all. We own it in part because of the yield. They’re paying you to wait for new drugs that turn things around. The chief one is COBENFY. It’s a potentially revolutionary drug that treats some tough neurological problems, including schizophrenia. Now we sold some of this stock when it had this ridiculous spike right here… some bizarre rotation into safety, but now Bristol’s in the mid-40s. Now, we haven’t bought back all of the stock that we sold. We’re waiting for it to bottom because its most recent studies using COBENFY, it’s one study, it came up snake eyes. Management has said over and over again that it can pay the dividend, which gives you a 5.6% yield. Why not buy more? Honestly, because I think it can go lower still without evidence that COBENFY is doing better.”
14. Abbott Laboratories (NYSE:ABT)
Number of Hedge Fund Holders: 70
Abbott Laboratories (NYSE:ABT) is one of the 17 stocks that Jim Cramer commented on. During the episode, Cramer was bullish on Abbott Laboratories (NYSE:ABT) as he said, “Abbott, Charitable Trust name. That’s medical devices, okay, really excellent.”
Abbott (NYSE:ABT) develops and sells a wide range of healthcare products, including pharmaceuticals, diagnostics, nutritionals, and medical devices for managing conditions such as cardiovascular disease, diabetes, chronic pain, and infectious diseases. Here is what the Mad Money’s host had to say about the company in the first week of May:
“Okay, their forward PE shows that there’s going to be a, pretty much of an earnings explosion. And I think a lot of that’s going to be coming from Libre, which is their diabetes, they have the best diabetes device. It’s cheaper than everybody’s.
By the way, I think pound for pound, it’s better than Dexcom, and Dexcom stock was up very big today. Also, remember, Robert Ford runs Abbott, and he runs it incredibly well. And I also think they’re going to settle these lawsuits or win the lawsuits that have really kept the lid on the stock, and that’s going to happen in 2025.”
13. Palo Alto Networks, Inc. (NASDAQ:PANW)
Number of Hedge Fund Holders: 77
Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the 17 stocks that Jim Cramer commented on. While discussing Palo Alto Networks, Inc. (NASDAQ:PANW), Cramer said that it is an “amazing” company.
“Then Palo Alto’s just become, after Zscaler, the cyber equipment company that people most want… That’s Nikesh Arora. Amazing company, cybersecurity.”
Palo Alto Networks (NASDAQ:PANW) provides a suite of cybersecurity solutions spanning network, cloud, and security operations. The company also offers professional and support services to help organizations detect, prevent, and respond to cyber threats. In May, during an episode of Squawk on the Street, Cramer remarked:
“Okay so Palo Alto did not, you know they beat it, but they did not raise. Now there’s a history of them doing that. I do think that this is an overreaction. I do think that, remember I said April was a tough month in this country. But this is the opportunity, now this is another one, this one usually goes down between seven and ten percent. Then it stabilizes tomorrow and by next week it starts going up. That’s the pattern. And you know look I can just tell you that’s a correct analysis or I can tell you that what happens everytime. TJX, same thing. These companies do not put themselves in harm’s way. They do not raise big because they know that that’s going to lead to sadness…
…Yeah look I just think that it’s business as usual there. It’s AI. They have this, they are all in on AI and you have to be. And the threats are as horrible as ever. But at the same time, if you do not raise, the next quarter, especially when it’s the end of your fiscal year, then your stock gets hit. That’s the game. That’s just the game. We know that.”
12. The TJX Companies, Inc. (NYSE:TJX)
Number of Hedge Fund Holders: 77
The TJX Companies, Inc. (NYSE:TJX) is one of the 17 stocks that Jim Cramer commented on. Cramer showed a very positive sentiment toward The TJX Companies, Inc. (NYSE:TJX) during the episode as he said:
“TJX, it’s my favorite of the discounters and discount retail… We’re going to keep TJX because I really like the price of TJX.”
TJX (NYSE:TJX) is an off-price retailer offering a wide range of apparel, accessories, and home goods, including furniture, décor, and seasonal items, sold through physical stores and online platforms. On May 22, Cramer called the company “king of value,” as he said:
“I want to highlight to you three retailers that reported excellent quarters in just the last couple of days, and only one was recognized as fabulous, that’s Urban Outfitters. One’s holding on with its fingertips, that’s RL, Ralph Lauren. And then a third, TJX, that’s getting sold off, yet presents, I think, now the best buying opportunity… And then there’s the king of value, TJX. While the stock went down today and has been going down since the quarter reported, keep in mind that it regularly sells off after the quarter, as I said to you, even when the earnings are good.
TJX is a simple story. The values here are extraordinary because they’re selling merchandise that retailers had to rapidly get rid of either to bring in new inventory or to pay the bills. I like it much more, for instance, than Ross Stores, also in its cohort, which really disappointed this very evening as opposed to the faux disappointment for TJX. T.J. Maxx, HomeGoods, Marshals, they’ve got, they’re great value for all income groups, and that’s kind of what makes it such a great shopping experience. TJX told us that things are going terrific, just right now, great guns. I’d say, what the heck is the stock down for? It is time to buy it. It’s one of the most successful retailers of all time.
… TJX, the company, has more than 5,000 locations, and management thinks there’s room for another 2000 on top of that. Now, some of their brands are dramatically underpenetrated, especially in Europe. Again, that’s why I think TJX stock represents the best value right now. Look, there are a ton of terrific retailers, but these three really put up amazing numbers, and only one is being recognized. I see that as an opportunity because it’s just a matter of time before Wall Street realizes that the kings of retail came out, showed you their best stuff this quarter, and you want to get into all of them before everybody else figures out what I just told you.”
11. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders: 77
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 17 stocks that Jim Cramer commented on. When Cramer was asked about Palantir Technologies Inc. (NASDAQ:PLTR), he said, “Palantir’s going to $200.”
Palantir (NASDAQ:PLTR) develops software platforms that help organizations integrate, analyze, and act on complex data, supporting intelligence operations, enterprise decision-making, and AI-driven processes through its different tools. In May, Cramer called the stock the “ultimate meme stock,” as he said:
“The ultimate meme stock for the moment is this company called Palantir, which reports. It’s a cybersecurity company. Now this one’s moved up by persistent retail buying that starts around 4:00 AM every day when they literally walk it up a couple of points before the bell and then continue to keep it at that level until the close.
It’s possible the story’s not as big as the hype or the hope, but we know that Palantir’s got a constituency of retail buyers that just won’t quit. I don’t know if they’ll quit when they see the number.”
10. Applied Materials, Inc. (NASDAQ:AMAT)
Number of Hedge Fund Holders: 83
Applied Materials, Inc. (NASDAQ:AMAT) is one of the 17 stocks that Jim Cramer commented on. Commenting on Applied Materials, Inc. (NASDAQ:AMAT) during the episode, Cramer remarked:
“Applied Materials, recommended this very morning, got a nice upgrade, but I prefer Lam Research. That’s capital equipment for semiconductors.”
Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, software, and services used in the manufacturing of semiconductors and display technologies, supporting chip production, equipment optimization, and advanced screen fabrication for consumer electronics and related applications. In the first week of May, Cramer discussed the stock, and even at that time, he recommended another stock as he said:
“I know the company, and it’s the kind of thing, we have so many of these digital infrastructure plays. I actually just prefer if you’re going to go there, just go buy Salesforce. I’m not kidding. Go buy CRM, I would feel better that way.”
9. Costco Wholesale Corporation (NASDAQ:COST)
Number of Hedge Fund Holders: 93
Costco Wholesale Corporation (NASDAQ:COST) is one of the 17 stocks that Jim Cramer commented on. During the episode, when Cramer asked about Costco Wholesale Corporation (NASDAQ:COST), he commented, “Costco, world’s greatest retailer, nothing on, no flies on that.”
Costco (NASDAQ:COST) operates membership-based warehouses and e-commerce platforms and it provides a wide selection of branded and private-label goods, groceries, appliances, and specialty services. The company also offers fuel, pharmacy, optical, and travel services to both individual and business members. During an episode in May, Cramer called the stock “fabulous” and said:
“Costco’s fabulous. I mean, I think Costco may be… I saw that Affirm deal, I was surprised. Costco’s so good that the stock went up $18 on Walmart’s problems. Now that is wrong. First, Walmart doesn’t have any problems. But second, Costco has a better business model because they get all their money from the card. But when I saw that, I said, wow, people are finally starting to get, they get why I think Costco’s so fantastic.”
8. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Holders: 104
The Walt Disney Company (NYSE:DIS) is one of the 17 stocks that Jim Cramer commented on. The Mad Money host showed a bullish sentiment toward The Walt Disney Company (NYSE:DIS) during the episode as he said, “Walt Disney, sneaking up through the 113 level. We like that entertainment.”
Walt Disney (NYSE:DIS) creates and distributes film, TV, and streaming content, manages sports media platforms, and provides consumer experiences through theme parks, resorts, and merchandise. The company also licenses its intellectual property across several media, products, and entertainment services. Here is what Cramer had to say about the company in May:
“Look, these things occur every day around here. Think about what happened to the stock of Disney in the last few months… A month ago, it was at $82…. People were buzzing about how the theme parks are too expensive. The sports entertainment’s too expensive. The movies are either too woke or not woke enough, depending on who you ask. You never heard anyone say, did it got the right amount? Now, one month later, Disney’s at $112 pretty much in a straight line.
The company reported a terrific quarter. Turns out people are willing to pay top dollar for the theme parks. The sports deals are making plenty of money. And I guess the movies, well, let’s say they hit the Goldilocks level, not too much, not too little. Same company, just written off by the pessimists, the ones who gave up on all that excellent expertise and intellectual property, think of the money that they didn’t make.”
7. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 104
Tesla, Inc. (TSLA) is one of the 17 stocks that Jim Cramer commented on. While discussing Tesla, Inc. (TSLA), Cramer mentioned that the CEO’s recent spat with the President does not sound good, as he said:
“Tesla, okay, well that’s a thorn in the side of the President… I mean, I don’t know, it doesn’t really sound very good. This is more of a, it’s now back to being a car company because I don’t think it can do those other things right now.”
Tesla (NASDAQ:TSLA) develops and sells electric vehicles and renewable energy products, and provides services that include charging, insurance, energy storage, and solar solutions. The company offers direct sales, financing, and maintenance through different channels. It is worth noting that on June 5, Cramer showed pessimism toward the stock due to Musk and President Trump’s relationship.
“By the way, you can also learn a lot from the worst performers of the day. Today it was… Tesla. You know, I don’t even know what to say here. You get a stock down this much, not only do you have to have terrible numbers, which Tesla certainly does, you have to effectively go to war with the president of the United States. So many people own Tesla because Elon Musk was tight with Trump. Now that they’re on bad terms, not such a good reason.”
6. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders: 106
ServiceNow, Inc. (NYSE:NOW) is one of the 17 stocks that Jim Cramer commented on. During the episode, Cramer discussed ServiceNow, Inc. (NYSE:NOW) and said:
“Alright, ServiceNow. Well, we love ServiceNow, okay? ServiceNow is, you know, we’ve got corporate software that also is AI, okay. It’s enterprise software with AI.”
ServiceNow (NYSE:NOW) provides cloud-based solutions that streamline digital workflows through its AI-powered platform, enabling automation, analytics, and low-code development across IT, customer service, operations, and enterprise functions. On June 5, Cramer had some good things to say about the company and recommended buying the stock as he commented:
“Oh, oh yeah…. I bought it for the club. I gotta tell you… over and over again, I thought about it because it’s such a good company. I know its earnings are, it looks like it’s expensive stock, but in the Rule of 40, it’s terrific. I gotta hand it to Bill McDermott. I am never going to say a bad word about ServiceNow. If you want to buy some, I am certainly going to green light that. By the way, can I just tell you, I looked at what they’re doing and I say to myself, wow, they’ve really figured out AI. Where’d I get that from? Jensen Huang.”
5. Intuitive Surgical, Inc. (NASDAQ:ISRG)
Number of Hedge Fund Holders: 106
Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of the 17 stocks that Jim Cramer commented on. While discussing Intuitive Surgical, Inc. (NASDAQ:ISRG), Cramer showed regret that he did not own the stock for the Charitable Trust.
“Intuitive, well, Intuitive had such a great quarter, it was like killing me that I didn’t own it for the Charitable Trust.”
Intuitive Surgical (NASDAQ:ISRG) designs and sells robotic systems and tools that support minimally invasive medical procedures, including surgery and diagnostic biopsies. Around late April, Cramer discussed the company and said that he was proud to be a “huge supporter” of it.
“Eighth best performer of the Mad Money era is Intuitive Surgical, ISRG, the creator of the minimally invasive Da Vinci Robotic Surgical System. This is another name that we found early on. I first interviewed someone from the company back in July of 2005 when the stock was trading at a split-adjusted price of $5 and change.
Since then, we’ve watched this Intuitive Robotic Surgical system… spread across the globe, constantly improving along the way and adding more types of procedures that it could do. The company’s now [a] $184 billion behemoth, and this stock has given you more than 10,000% gain since the show got started. I think this is as relevant as ever. Company just reported an excellent set of numbers last Tuesday. I’m proud to be a huge supporter of this.”
4. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Holders: 119
Eli Lilly and Company (NYSE:LLY) is one of the 17 stocks that Jim Cramer commented on. Cramer showed a positive sentiment toward Eli Lilly and Company (NYSE:LLY), as he remarked, “Eli Lilly, what can I say? That’s medicine. We like it.”
Eli Lilly (NYSE:LLY) develops and markets a broad range of pharmaceuticals for conditions such as diabetes, obesity, cancer, autoimmune diseases, and neurological disorders. The company also engages in research collaborations to advance treatments. During a May episode, Cramer recommended buying more of the company’s stock and said that he would buy the stock “hand over fist.”
“I want you to buy more… The reason why you want to buy it is because there was definitive data that came out last night about Novo Nordisk not being anywhere near as good as Eli Lilly when it comes to weight loss, which is what a lot of people are in the GLP for. And it was not reflected because the things were so crazed because of what the president announced. I think the stock could be up a hundred points when people realize, wait a second, it is definitively better than Novo. I would buy Eli Lilly hand over fist.”
3. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 159
Apple Inc. (NASDAQ:AAPL) is one of the 17 stocks that Jim Cramer commented on. During the episode, Cramer said that he is not expecting much from Apple Inc.’s (NASDAQ:AAPL) ongoing event, but still likes the stock.
“Apple, we’ve got that big developers conference on Friday. I am not going to raise the temperature. The thing is not a needle mover. We should stop saying it’s a needle mover. We like Apple, though.”
Apple Inc. (NASDAQ:AAPL) develops and sells a wide range of consumer electronics, software, and digital services, including smartphones, computers, wearables, and subscription-based platforms. The company’s ecosystem integrates hardware, cloud services, media content, and payment solutions to serve individuals, businesses, and institutions. On the same day, Cramer discussed the stock and said:
“Apple stock just had a second straight positive week. That’s an unusual occurrence of late, and some of the newfound luster might be in anticipation of Monday’s Worldwide Developers Conference. Now… remember, this is a software event, not a hardware event, so they’re not going to unveil new hardware, and it’s usually not a catalyst for the stock to move.
But it’s obvious from today’s aggressive buying that some speculators think this time is different. It’s been hard to own Apple lately, whether because it doesn’t have a top-notch AI offering or because it’s been targeted by the White House for shifting some of its Chinese manufacturing over to India.
The president wants the iPhone to be built in the USA, but it’s not economically feasible. It’s cheaper for Apple to just pay the tariff. The contentious relationship with Trump doesn’t help at all, but maybe Apple can catch a break now that Elon Musk is drawing so much fire. That’s my view, that it’s contentious. From the outside, some might actually think it’s convivial. I just don’t get that feeling.”
2. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 212
NVIDIA Corporation (NASDAQ:NVDA) is one of the 17 stocks that Jim Cramer commented on. While discussing NVIDIA Corporation (NASDAQ:NVDA), Cramer said that he is expecting a breakout.
“Alright, NVIDIA, stuck here at $141.42. We gotta see a breakout next week when Jensen goes to Paris for Paris GTC.”
NVIDIA (NASDAQ:NVDA) develops advanced computing, graphics, and AI platforms used across gaming, data centers, professional visualization, and automotive technologies. The company provides GPUs, software, and cloud-based services tailored for enterprises, developers, and other technology partners. Around the end of May, Cramer made the following comments after the company reported a strong and solid quarter:
“Currently, NVIDIA makes the most sophisticated chips in the world, and until a few years ago, it had 95% of the Chinese market, giving potential Chinese rivals zero room to compete. Now that was a pretty great situation, but our nation’s interests in China have totally diverged under Trump… Last night, after NVIDIA reported one of the best quarters I’ve ever seen, CEO Jensen Huang made a plea on this show to keep doing business with China, both to maintain U.S. semiconductor supremacy and to keep the profits flowing…
He said that we act like China can’t build the highest-end chips themselves when we know they’re doing so, including DeepSeek’s new semis that were just announced. If we sell our chips to China, he says we can regain our supremacy, but if NVIDIA can’t do that business, it’s effectively a huge subsidy for the Chinese chip makers. Hmm, look, I’m a hardliner on China, but I see the point… NVIDIA could cede its crown to China very quickly if it isn’t allowed to sell a lot of chips there, returning a lot of the profits from that $50 billion in sales to the U.S. to build more capacity here. I just don’t know if President Trump cares because from his latest actions, it feels like we’re just a few years away from a total shutdown in relations with China…
Fortunately, there’s still a ton of opportunity for NVIDIA outside of China because its chips are that great. To me, though, the president’s in no mood for any of our companies to do more business in China than they have to. I think that’s a mistake when it comes to semiconductors, but right now, I fear that’s exactly what’s going to happen.”
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 328
Amazon.com, Inc. (NASDAQ:AMZN) is one of the 17 stocks that Jim Cramer commented on. When a caller mentioned Amazon.com, Inc. (NASDAQ:AMZN) as one of their holdings in the portfolio, Cramer replied:
“Amazon, well, how can you not beat, I mean Amazon’s everything. It’s retail, cloud service… web tech.”
Amazon(NASDAQ:AMZN) is a diversified technology company that sells consumer products, provides subscription and advertising services, develops digital content and devices, and offers cloud computing solutions. In an early May episode of Mad Money, Cramer discussed the company and had many good things to say about it, as he commented:
“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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