Jim Cramer Recently Discussed These 19 Stocks

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

Number of Hedge Fund Holders: 332

Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed. Cramer noted that the stock holds a big position in the Charitable Trust portfolio, as he remarked:

“Just consider a couple that we own for the Charitable Trust… Okay, we like these. I’m just giving you the straight dope here because I don’t want to trade. I want to start with Amazon. Big position of ours. Here’s a company that can send you anything overnight or increasingly during the day at a low price, has the thriving ad business, has the Amazon Web Services business, represents less than 20% of the company’s revenues, about 60% of its total profits.

AWS is now the core business, and it spends billions upon billions on semiconductors, data centers, energy. I don’t want any of that. I just want a package delivered to me, and I’m happy to use Walmart if it’s got a ton of technology itself instead of Amazon if it’s cheaper. Now, Amazon stock is up about 1.5% for the year. That’s not that good. The amount of money they need to spend to keep up with their competitors in the race for AI supremacy is insane. But what are they going to do? Let OpenAI come into the retail and web services business, take away their clients, let Walmart use their stores to beat Amazon at its own game? Amazon’s strategy is not spend to win, it’s spend to defend. I like to win.”

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.