Jim Cramer Discussed 9 Stocks Related to the AI Space

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

Number of Hedge Fund Holders: 335

Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks related to the AI space that Jim Cramer discussed. Cramer discussed the company’s spending in the space, as he said:

“Finally, Amazon raised its full-year CapEx guidance for 2025 from 118 billion all the way up to 125 billion, and CFO Brian Olsavsky said, told us, listen, the amount is going to increase next year too. So even though only Meta stock sold off hard on heightened AI spending, the truth is everybody’s doing it at this point… I think Amazon and Alphabet both did a much better job of explaining why they need to shell out all that money. For example, during Amazon’s conference call, CEO Andy Jassy laid it out for you. Listen to this quote. ‘You’re going to see us continue to be very aggressive in investing in capacity because we see the demand. As fast as we’re adding capacity right now, we’re monetizing it.’

Hey, that makes it feel like they’re, they aren’t just spending a few extra billion purely for the sake of lighting their money on fire. Then again, a cynic might argue that Amazon and Alphabet got away with their higher capital spending plans because they simply didn’t go into as much detail as Meta and Microsoft did. I’m not buying that. I mean, the latter laid out numbers for next year’s CapEx while Amazon and Alphabet really said they’d be spending more. But I love what the, the fact that they have the demand. That’s all I care about.”

Amazon.com, Inc. (NASDAQ:AMZN) sells consumer goods and digital content through online and physical stores, provides advertising and subscription services, operates Amazon Web Services for cloud computing, develops electronic devices, produces media content, and offers programs supporting third-party sellers and content creators.