Jim Cramer Discussed These 11 Stocks Before The DeepSeek Sell-Off

Page 10 of 10

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

Number of Hedge Fund Holders In Q3 2024: 286

Amazon.com, Inc. (NASDAQ:AMZN) is the largest eCommerce company in America and a major player in the cloud computing market. Its shares are up by 48.5% over the past year as the firm navigated through a tricky 2024. The stock dipped by 12% in August after Amazon.com, Inc. (NASDAQ:AMZN) after inflation-wary customers led to a slowdown in online sales growth to 5% from 7% in the previous quarter. Then, the shares rose in November after Amazon.com, Inc. (NASDAQ:AMZN)’s Q3 results revealed that its EPS grew by a whopping 52%. Cramer is optimistic about the company over its peers:

“And the only one that’s really going up is Meta and . . Amazon’s levitating because there are some, talk that Amazon’s going to have much better than expected numbers.”

AMZN is a stock Jim Cramer talked about before DeepSeek wreaked havoc on the stock market. While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 10 of 10