Jim Cramer on Amazon: “It’s a Huge Position for My Charitable Trust”

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 21 stocks on Jim Cramer’s radar. While discussing the stock, Cramer noted that the company has a “great read on the consumer,” as he remarked:

“Alright, now on Monday, we have a very special interview with Andy Jassy. He’s the CEO of Amazon. It’s a huge position for my Charitable Trust. We’ll talk about everything from investments in rural delivery to new and improved Alexa to the growth of Amazon Web Services, the juicy gross margins of Amazon advertising, and why we love being Prime members. Given its retail presence, Amazon’s got a great read on the consumer. Its international business seems to have turned the corner.

We need to talk AI and whether its own chips are a threat to NVIDIA’s best semiconductors or just something that can be made to augment them. And of course, we’re going to talk about China. Right now, I’m concerned about the consumer after we got some weak consumer spending data today. I hope Amazon’s Jassy can give us some color about how consumers are really spending. They seem stalled right now, something that should make the Federal Reserve think twice about whether they can really afford to wait before they start cutting interest rates again, which is really something that’s very much on the table.”

Jim Cramer on Amazon: "It’s a Huge Position for My Charitable Trust"

A customer entering an internet retail store, illustrating the convenience of online shopping.

Amazon.com, Inc. (NASDAQ:AMZN) provides a broad range of retail, digital, and cloud services, including product sales, subscriptions, advertising, and media content.

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