Jim Cramer Explains One of the Reasons “Amazon Stock Has Been Going Ever Higher”

Amazon.com, Inc. (NASDAQ:AMZN) was among the stocks Jim Cramer discussed on Mad Money, highlighting several companies with market caps over a trillion dollars. Cramer called himself a huge believer in the company, as he commented:

Number five, Amazon, misunderstood, even by me. Now, I’ve become a, you know, I’m a huge believer of this one. They’ve been cleaning up with Prime, with Amazon Web Services, with advertising, and now with semiconductors, which could be a $50 billion standalone business. Thank you, Andy Jassy, CEO, for explaining it to me. Now, last week I said that Amazon’s own chips don’t hold their value, unlike NVIDIA. I got that wrong. The new chips actually most certainly will hold their value for several years, pretty similar to NVIDIA’s, but for a lower price. Gotta point it out. I think that’s one reason why NVIDIA stock has actually stalled while Amazon stock has been going ever higher.

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.

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