Jim Cramer, host of Mad Money, pushed back on Monday against comparisons between the current wave of artificial intelligence investment and the dot-com bubble of 2000.
“If you listen to the conventional wisdom, the hyperscalers, whatever that means… have spent too much money on data centers and are now in the if you build it, they will come mode, which tends to be a bad business strategy. Most people seem to assume that these incredibly large investments are just lighting money on fire. We’re told history will repeat itself.”
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Cramer argued that such an interpretation misses important differences between then and now. He emphasized that most of the companies making these investments today are not only extremely profitable but also financially flexible enough to absorb potential losses, although he made it clear that he does not expect them to need to take that route.
While Cramer questioned the alarmist view of an AI-driven bubble, he mentioned that some degree of skepticism is valuable. He explained that the widespread doubt serves as a form of discipline. He said, “If there weren’t such a negative bent to the story right now, everyone would be in this pool, and we’d all drown.”
“Here’s the bottom line: Speaking as an internet pioneer, what I see now is the polar opposite of what we were seeing 25 years ago. When the dot-coms made bad investments, nearly all of them went under. But, worst-case scenario, if Google and Amazon and Meta make bad investments and take big losses, that’s just another day at the office.”
Our Methodology
For this article, we compiled a list of 18 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on September 29. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the second quarter of 2025, which was taken from Insider Monkey’s database of over 900 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Jim Cramer Recently Expressed Thoughts on These 18 Stocks
18. Wells Fargo & Company (NYSE:WFC)
Number of Hedge Fund Holders: 75
Wells Fargo & Company (NYSE:WFC) is one of the stocks Jim Cramer recently expressed his thoughts on. Cramer highlighted that he is “sticking with it for the trust,” as he commented:
“Wells Fargo’s up more than 20%… Now, though, banks are being valued on growth. I love buying growth stocks… Wells Fargo got a downgrade from Morgan Stanley amid a slew of upgrades… We own it for the Charitable Trust, and I think this is a real bad call. Wells under CEO Charlie Scharf hasn’t even [had] much of a chance to grow because it spent seven years under a Fed-imposed asset cap, punishment for the misdeeds of the previous management team. But now the asset cap’s gone, and Wells is working to become a growth bank with lots of capital markets exposure. And that’s why we’re sticking with it for the trust. What makes me think there’s still room to run? Because the big banks are still cheap on earnings… Wells Fargo does the same, just 14.”
Wells Fargo & Company (NYSE:WFC) is a financial services firm that provides banking, investment, lending, and wealth management solutions for individuals, businesses, and institutions.
17. JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Holders: 124
JPMorgan Chase & Co. (NYSE:JPM) is one of the stocks Jim Cramer recently expressed his thoughts on. Cramer highlighted the firm’s low valuation despite being at its 52-week high. He said:
“This morning, EA, the old Electronic Arts, got a $55 billion bid, the largest all-cash sponsored take-private deal in history. Silver Lake’s the prominent name among the buyers, but it’s PIF, the Saudi sovereign wealth fund, that’s putting up most of the money. Well, there’s a buyer for you… JPMorgan’s advising the buyers and providing $20 billion in debt financing. These are huge tickets. Big enough to influence the quarter for JPMorgan… JPMorgan stock is up almost 32% for the year… What makes me think there’s still room to run? Because the big banks are still cheap on earnings. JPMorgan, despite being at its 52-week high, sells at about 16 times earnings.”
JPMorgan Chase & Co. (NYSE:JPM) is a global financial services firm providing consumer and commercial banking, credit, lending, and payment solutions, along with investment banking, securities services, and risk management. The firm also delivers wealth and asset management, retirement planning, and advisory services for individuals, institutions, and governments.
16. The Goldman Sachs Group, Inc. (NYSE:GS)
Number of Hedge Fund Holders: 73
The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer recently expressed his thoughts on. Cramer explained why Goldman Sachs could still have room to rally, as he remarked:
“This morning, EA, the old Electronic Arts, got a $55 billion bid, the largest all-cash sponsored take-private deal in history. Silver Lake’s the prominent name among the buyers, but it’s PIF, the Saudi sovereign wealth fund, that’s putting up most of the money. Well, there’s a buyer for you. Although I don’t own EA for the Charitable Trust, I’m still gratified to see Goldman Sachs as the company’s advisor for this deal… These are huge tickets… Almost big enough to hit the M&A line in fine form for Goldman Sachs, which is a big position for my Charitable Trust… Goldman’s up over 40%… What makes me think there’s still room to run? Because the big banks are still cheap on earnings… Goldman’s at 17 times earnings.”
The Goldman Sachs Group, Inc. (NYSE:GS) is a financial institution delivering advisory, financing, and trading services across markets, along with asset and wealth management, including multiple asset classes.
15. QXO, Inc. (NYSE:QXO)
Number of Hedge Fund Holders: 65
QXO, Inc. (NYSE:QXO) is one of the stocks Jim Cramer recently expressed his thoughts on. A caller inquired about the stock, and Cramer commented:
“All I know [is] that’s a Brad Jacobs company. I am a believer in Brad Jacobs and what he’s going to do as a consolidator for roofing. And I like the roofing business.”
QXO, Inc. (NYSE:QXO) supplies a broad range of roofing, siding, waterproofing, and building materials, along with related tools and equipment, serving contractors, distributors, and suppliers. During the September 15 episode, Cramer mentioned the company and said he is not going against Brad Jacobs. He commented:
“Alright, this is a Brad Jacobs company. Brad Jacobs’ money. I’m not going to go against him. I’m going to go with him. You should buy the stock.”
Furthermore, earlier in July, Cramer made the following commented on QXO, Inc. (NYSE:QXO):
“So if the Senate’s version of the Big Beautiful budget Bill, which makes the mortgage reduction permanent, ends up passing, then it’s obvious you should be buying the housing stocks because this market is run by Captain Obvious and you can get ahead of Captain Obvious. Throw in that there’s a buyer of anything housing related, a vehicle called QXO run by Brad Billionaire Jacobs, hostile or not, and you got a pretty darn good story.”
14. Amphenol Corporation (NYSE:APH)
Number of Hedge Fund Holders: 81
Amphenol Corporation (NYSE:APH) is one of the stocks Jim Cramer recently expressed his thoughts on. Answering a caller’s query about the stock during the lightning round, Cramer said:
“Oh, that’s a good company, man. It’s just, it’s just a rocket ship, I know, but it’s a good company. Is it cheap? No, but some… good companies are not going to be cheap. I like that call, and I like the idea that you’re getting it. We are not traders, okay? We are compounders.”
Amphenol Corporation (NYSE:APH) develops and markets connectors, interconnect systems, cables, antennas, and sensor products. The company’s solutions support sectors including automotive, aerospace, communications, IT, and defense. Cramer called it an amazing company in an August episode, as he stated:
“Okay, this is an amazing company because it really, before we really got all excited about the data center, it was really just a kind of coaxial cable company. It is highly valued right now. It’s in the high 30s multiple. I can’t say chase the stock. If I owned it, I guess I’d hold it. That’s all I can say.”
13. United States Antimony Corporation (NYSE:UAMY)
Number of Hedge Fund Holders: 13
United States Antimony Corporation (NYSE:UAMY) is one of the stocks Jim Cramer recently expressed his thoughts on. A caller inquired after Cramer’s thoughts on the stock during the lightning round, and he remarked:
“Normally, I would say, because of my new… view about specs, that I would not pull the trigger. But it’s a spec that actually makes money, and that’s the difference. So I’m willing to bless that as a spec because it makes money.”
United States Antimony Corporation (NYSE:UAMY) produces antimony, zeolite, and precious metals, serving applications in flame retardants, batteries, ammunition, and industrial processes. Its products are also used in environmental cleanup, agriculture, filtration, and various specialty markets. On September 23, the company announced it has secured a sole-source IDIQ contract from the U.S. Defense Logistics Agency for up to $245 million to supply antimony metal ingots for the National Defense Stockpile. The company’s CEO, Gary C. Evans, said:
“It’s incredibly meaningful for all our employees to play such a strategic role in strengthening our nation’s defense readiness and having the knowledge, expertise, and history that USAC can and will deliver under our contractual obligations. This is the kind of knowledge that is only gained through decades of execution and know-how. USAC has some of the most experienced antimony chemists/metallurgists and other professionals on its team in the global landscape. Two people on our team that I wish to highlight today are our SVP of Corporate Development & Government Relations, Melissa Pagen, and the President of our Antimony Division, Gus Gustavsen. Melissa’s shepherding of this contract from beginning to completion was tireless. Her meticulous oversight and commitment to excellence ensured every stage of the process and allowed advancement to a successful close for all parties involved. The antimony expertise of Gus plays a critical role in why this is a sole source contract. Gus is recognized as a Subject Matter Expert in antimony processing, with over five decades of experience under his belt in all facets of the antimony supply chain. This expertise is a significant reason why USAC preserved and remained viable despite several depressed years of antimony prices. It is also the reason we can say we are the only fully integrated antimony operation, outside of China. To put this in proper context, we have successfully won a sole-sourced long-term contract from the U.S. Government for approximately $245 million, while our total reported revenues for 2024 were $14.9 million.”
12. Brinker International, Inc. (NYSE:EAT)
Number of Hedge Fund Holders: 52
Brinker International, Inc. (NYSE:EAT) is one of the stocks Jim Cramer recently expressed his thoughts on. Noting that the stock is down 26% over the past three months, a caller asked if it presents a buying opportunity. Cramer replied:
“Okay, so what’s happened is the commodities have gone way up, right? And gasoline’s trying to stabilize. But now, gasoline’s coming down, and a lot of the key commodities are coming down too. So it is time to pull the trigger for those young’uns. I would be a buyer of Brinker for them.”
Brinker International, Inc. (NYSE:EAT) owns, operates, and franchises casual dining restaurants under the Chili’s Grill & Bar and Maggiano’s Little Italy brands. During an August episode, Cramer said that it has “been a winner in this environment.” He commented:
“You heard about it all day: This earnings season has been filled with disappointment in the restaurant space. You know, we got the CAVA that was really bad, the Sweetgreen. But some of these companies always seem to come through because they have something different, like Brinker International, the parent company of Chili’s and Maggiano’s. This morning, Brinker reported a beautiful top and bottom line beat with a mindboggling 23.7% same-store sales numbers from the Chili’s business. They just keep doing it. Even better, management issued a strong forecast for the year ahead, which is why the stock rallied over 1.6% today, although at one point it was up even bigger. Brinker’s been a winner in this environment because they offer their customers an incredible value proposition.”
11. American Superconductor Corporation (NASDAQ:AMSC)
Number of Hedge Fund Holders: 23
American Superconductor Corporation (NASDAQ:AMSC) is one of the stocks Jim Cramer recently expressed his thoughts on. A caller asked if the stock is a winner, and in response, Cramer said:
“I would say this stock has had a big move, but it’s still only $2.7 billion. That’s a very interesting spec and I thank you for bringing it to our attention.”
American Superconductor Corporation (NASDAQ:AMSC) delivers megawatt-scale power resiliency solutions through technologies that support grid connectivity, transmission, distribution, and power quality. Additionally, it provides wind turbine designs, power electronics, and control systems for renewable energy developers and manufacturers. Prosper Stars & Stripes stated the following regarding American Superconductor Corporation (NASDAQ:AMSC) in its Q1 2025 investor letter:
“American Superconductor Corporation (NASDAQ:AMSC) was the largest detractor in the short book during the first quarter of 2025. The company is a system provider of megawatt-scale power resiliency solutions for the power grid, torpedo defense for the Navy, and components for the India wind market. This is an eclectic assortment of businesses with little relation to each other despite steps taken to simplify the company in the past. Further, we were unable to establish a compelling narrative on the market position or performance quality of the company products. Despite using terms like “smart materials” and “smart software and controls,” AMSC’s financial profile is decidedly much more pedestrian than proprietary in our view. In FY24, gross margins were 27-28% and the average between 2017 to 2022 was approximately 15%. Operating margins in FY24 were -1% and between 2017 to 2022, EBIT margins were deeply negative. This history of lack of profits meant AMSC needed to consistently raise capital, which is illustrated via its shares outstanding jumping from 17 million in 2017 to 38 million in 2024. The shares rallied sharply on a quarterly report and outlook that exceeded expectations. Following our stop-loss process, we closed out the position during the quarter.”
10. Voyager Technologies, Inc. (NYSE:VOYG)
Number of Hedge Fund Holders: 34
Voyager Technologies, Inc. (NYSE:VOYG) is one of the stocks Jim Cramer recently expressed his thoughts on. A caller asked if Cramer considers the stock a “viable option” at its current levels, and he replied:
“Okay, it’s a great question. Now, if you remember, about a week ago, I decided, okay, enough of the speculation. I’m not buying, I’m not going to do them unless they’re making some money. We had a really good run on these specs, but I am not going to hurt people, and this company is losing too much money for me to recommend. I’m going to let others buy it. We’re not going to.”
Voyager Technologies, Inc. (NYSE:VOYG) develops defense systems, intelligence solutions, and advanced communication technologies, while also providing space propulsion, infrastructure, and mission management products. When a caller inquired about the company in a July episode, Cramer responded:
“Okay, that did come out too hot. This is a good example, and I’m glad you’re bringing it to our attention. It’s a good example… now it’s coming in softly. My experience is, now, this is my experience, not what anybody’s said to me about the level, but my experience is, this is precisely when you want to start a position in Voyager. You buy it slow. You want to buy a hundred shares? Pick up 25 here and then wait till it falls another five and just can keep it that level and you’ll have a great position.”
9. Hinge Health, Inc. (NYSE:HNGE)
Number of Hedge Fund Holders: 47
Hinge Health, Inc. (NYSE:HNGE) is one of the stocks Jim Cramer recently expressed his thoughts on. Inquiring about the stock, a caller mentioned that they have a large position in the stock. Cramer commented:
“… Second, you do not have a profit until you take something off the table. You did not have a profit; you had an unrealized profit. Third, you’re lucky. I think this company is really terrific, and if anything, if it came down a little more, I would buy more. That’s how good.”
Hinge Health, Inc. (NYSE:HNGE) develops digital health software focused on musculoskeletal care, covering injury recovery, chronic pain management, and post-surgical rehabilitation. Cramer mentioned the company during the September 4 episode and said:
“We’ve had a lot of phenomenal IPOs this year, stocks that have exploded higher, stocks like Hinge Health, which is a digital physical therapy platform. You get it via your phone rather than in person. Not long ago, after this one came public in May, I told you it was worth buying. At the time, the stock was trading at 44. Now, it’s at 55 and change. In large part because Hinge reported a stellar first quarter right out of the gate, a little over a month ago.”
8. StubHub Holdings, Inc. (NYSE:STUB)
Number of Hedge Fund Holders: N/A
StubHub Holdings, Inc. (NYSE:STUB) is one of the stocks Jim Cramer recently expressed his thoughts on. Cramer called the stock’s IPO a “flop.” He said:
“I want to talk about an IPO that hasn’t gone well… Okay, first off, StubHub delayed its IPO twice… The company included results from the first six months of 2025, and those numbers, not encouraging… Most aspiring publicly traded companies try to time their IPO so that it happens during or after a really strong period for the business… StubHub didn’t have that luxury… On top of the financials, StubHub seems to be running into some regulatory headwinds…
Finally, though, I think the StubHub deal fizzled because Wall Street’s gotten squeamish about the entire consumer discretionary sector, and who can blame them… StubHub could suffer if consumers decide to do some belt tightening. Even though the stock does get cheaper as it goes lower, I don’t want to stick my neck out for this one, not after those deteriorated numbers and the warning of a 10% revenue hit from the new FTC rules. I think the situation actually even could get worse before it starts getting better.
And believe me, I wanted to be optimistic because I love deals that have come down in price where the fundamentals are improved. That’s not the case here. Let me give you the bottom line: In a year full of red-hot IPOs, StubHub was a flop, largely because they delayed the deal twice. And over the course of that time, the business got much, much worse. Meanwhile, it’s just a tougher market for certain parts of the consumer discretionary sector anyway these days. Hence, the lack of appetite for this one. Eventually, I’m betting StubHub will get too cheap, too cheap to ignore. But until we see some clear signs of a bottom, I’m saying that this stock’s just too risky to go near. Wow.”
StubHub Holdings, Inc. (NYSE:STUB) operates a global ticketing marketplace that enables the purchase and sale of tickets for sports, concerts, theater, and live events.
7. Six Flags Entertainment Corporation (NYSE:FUN)
Number of Hedge Fund Holders: 44
Six Flags Entertainment Corporation (NYSE:FUN) is one of the stocks Jim Cramer recently expressed his thoughts on. When a caller asked about the stock during the episode, Cramer said:
“I don’t think Six Flags has the horses. I really don’t. I mean, look… down 53% for the year. I, as it is, I struggle with my Charitable Trust; we own Disney, and everyone tells me that that’s a big mistake with the consumer not doing well. But that one that you’ve mentioned, Six Flags, it’s just, I’ve seen it happen before. I’m not going to get involved with a situation that ended badly once before. I think you own Disney, and you just say, you know what? 19 times earnings to own Disney, that’s what I want.”
Six Flags Entertainment Corporation (NYSE:FUN) operates amusement parks, water parks, and resort properties across North America. During a June episode, Cramer said that he was not interested in it. He commented, “Don’t be interested in it. I don’t like the theme parks other than Disney.”
6. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders: 78
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer recently expressed his thoughts on. A caller asked if they should sell the stock now after recovering their cost basis or hold long-term in hopes of a potential $1 trillion valuation. Cramer commented:
“I don’t know if it’ll hit a trillion-dollar market cap. Here’s what I know: you took out your cost basis, you cannot lose money now. I think that is an incredible position, and what I like to do when I can’t lose money is I like to let… [it] run unless the fundamentals change. And right now, the fundamentals seem very strong at Palantir.”
Palantir Technologies Inc. (NASDAQ:PLTR) develops software platforms that support data integration, analysis, and operational decision-making for governments and enterprises. During the September 18 episode, Cramer explained why the company’s stock is speculative. He said:
“What [are] examples of what speculation means? Let me give you some categories. Alright, first, there are the richly valued stocks with real earnings like Palantir. Here’s a company that clients swear by because it aggregates data, uses artificial intelligence to find patterns that can turbocharge sales and earnings. People love this company. It’s also got a cybersecurity aspect. Palantir’s profitable, but the stock now sells for 277 times this year’s projected earnings. That’s why it’s speculative.”
5. Signet Jewelers Limited (NYSE:SIG)
Number of Hedge Fund Holders: 36
Signet Jewelers Limited (NYSE:SIG) is one of the stocks Jim Cramer recently expressed his thoughts on. A caller asked whether they should cover their short position in the stock, which they initiated a few months ago based on what they believed was an overvaluation, but has since moved against them. Cramer replied:
“Okay, I typically don’t advise short sellers on this show. I’m, I favor the long side. I admit that because our viewers favor the long side, but Signet, you know, 10 times earnings with a terrific guy, Jim Symancyk, who is doing a terrific job. The numbers are good, so I think you need a better, I think you need a better case to stay short this one. I don’t have one.”
Signet Jewelers Limited (NYSE:SIG) is a diamond jewelry retailer operating brands such as Kay, Zales, Jared, Peoples, Rocksbox, Banter by Piercing Pagoda, Diamonds Direct, James Allen, and Blue Nile. In addition, it runs H.Samuel and Ernest Jones stores internationally and provides diamond sourcing and polishing services.
4. Shopify Inc. (NASDAQ:SHOP)
Number of Hedge Fund Holders: 69
Shopify Inc. (NASDAQ:SHOP) is one of the stocks Jim Cramer recently expressed his thoughts on. Cramer mentioned the AI-related catalysts around it, as he remarked:
“My expectation is we’ll continually be surprised by the new things that these companies can accomplish. Like today, when OpenAI announced this amazing deal with Etsy and Shopify to enable direct purchases in ChatGPT, that’s a huge use case, and it jolted those two stocks to the stratosphere. That’s the kind of thing that can happen over and over again as the underlying AI technology just gets better and better.”
Shopify Inc. (NASDAQ:SHOP) provides a commerce platform that helps businesses manage products, payments, fulfillment, customer relationships, and analytics across online, retail, and social channels. Sands Capital stated the following regarding Shopify Inc. (NASDAQ:SHOP) in its second quarter 2025 investor letter:
“Shopify Inc. (NASDAQ:SHOP) is a leading global provider of ecommerce solutions for merchants operating outside of Amazon’s ecosystem. In the first quarter, Shopify overcame concerns about macroeconomic uncertainty and tariff-driven price increases to grow gross merchandise value (GMV) by over 20 percent. This marked the seventh consecutive quarter of GMV growth exceeding 20 percent and the fifth straight quarter growing at more than twice the pace of overall U.S. ecommerce. Free cash flow margins expanded by 300 basis points, supporting an eighth consecutive quarter of free cash flow growth above 25 percent. In our view, these results reinforce the case for Shopify’s long-term growth potential. We expect the business to continue outpacing the broader ecommerce market, driven by new merchant additions, higher same-store sales, increased take rates, and ongoing expansion across international markets and larger retail segments.”
3. CoreWeave, Inc. (NASDAQ:CRWV)
Number of Hedge Fund Holders: 29
CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks Jim Cramer recently expressed his thoughts on. Cramer mentioned the company during the episode and said:
“Of course, there’s also the issue of CoreWeave, which willingly used its debt to build out its end of the data center business. I understand why you might worry about that, but I trust CEO Michael Intrator when he talks about how this is not a risky business because there’s just so much demand, tons and tons of it. And he’s got great analysis of what’s going to happen in the 5, 6, 7-year period after they build these things.”
CoreWeave, Inc. (NASDAQ:CRWV) operates a cloud platform designed for enterprise compute workloads. The company provides GPU and CPU compute, storage, networking, managed services, and servers. Its solutions support AI model training, inference, VFX rendering, and dataset optimization for machine-learning developers. During the September 25 episode, Cramer discussed the company’s latest deal with OpenAI. He remarked:
“What else? This morning, CoreWeave, basically a company that runs data centers for the AI… announced an expanded agreement with OpenAI, the company behind ChatGPT, for $6.5 billion, bringing its total contract value with OpenAI to $22.4 billion. Now, can you think of any companies in the consumer economy that could sign a deal for 6.5 billion like that? I know I can’t, but when the CoreWeave news broke when I was sitting right over there and spoke on the Street this morning, I couldn’t even tell if it was worth mentioning. Yes, there’s that much AI-related activity out there… It just didn’t seem to be worth it.”
2. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 156
Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently expressed his thoughts on. Cramer weighed in on the company’s AI opportunity and criticized the bearish skepticism. He said:
“And Apple, well, Apple should be the stock that goes up the most because it has 1.5 billion users who want a chatbot built in. Maybe Apple can build one of their own, but any one of these other companies, especially some of the ones that are less relevant, would be willing to pay them a fortune to be installed as the default chatbot. If it’s all so clear to me, why are all these bearish experts out there pushing the idea that we’re simply repeating the mistakes of the dot-com era? Well, because it’s that, it’s a devastating criticism.”
Apple Inc. (NASDAQ:AAPL) designs and sells iPhone, Mac, iPad, and a range of wearables and accessories, complemented by support, cloud services, and digital content through the App Store. Moreover, the company provides subscription services including Music, TV+, News+, Arcade, and Fitness+, along with payment solutions such as Apple Pay and Apple Card.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 335
Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently expressed his thoughts on. Cramer made positive comments on the company during the episode, as he said:
“Amazon’s tougher. I think their cloud infrastructure business is one way, Alexa’s another, and Prime’s a third of what’s becoming, I think, an underrated AI story.”
Amazon.com, Inc. (NASDAQ:AMZN) runs a global marketplace for products, subscriptions, and digital content while also manufacturing devices such as Kindle, Fire, Echo, and Ring. The company also operates AWS cloud services, advertising, Prime memberships, and platforms for sellers and creators. During the September 8 episode, Cramer mentioned the company and said:
“Now, we had another one, Amazon. A few weeks ago, this stock was plummeting. Why? Because we heard that Amazon Web Services was falling behind Microsoft’s Azure, something that actually we picked up loud and clear on the show from Snowflake’s explosive conference call. It didn’t help when a Morgan Stanley analyst asked Amazon CEO Andy Jassy if he was worried about falling behind, and Andy didn’t say, ‘We are spending and getting a great return on our spending, whether it’s on our Trainium chips or NVIDIA chips.’ He didn’t say that. The Street was quick to hammer the stock because he didn’t say that.
Here we are, a couple weeks later, and Amazon stock’s at 235 and change. It’s knocking on the door of 242, its all-time high. What changed? Nothing, nothing at all. The market simply moved on from the bear narrative because there’s so much good that’s happening at Amazon, so much good. Who knows how much more revenue Amazon can bring in from Prime starting October 1 now that… you can’t share your password with relatives. Did you know that? I think it could be like Netflix, where you had this huge surge of subscribers. Be long, Amazon. What really was wrong with Amazon? Again, I can’t remember.”
While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.
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