Jim Cramer Said AI Is A “Souped-Up Google” As He Discussed These 11 Stocks

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

Number of Hedge Fund Holders In Q2 2025: 335

Amazon.com, Inc. (NASDAQ:AMZN) is one of the largest eCommerce companies in the world and a key player in the cloud computing industry. After the firm’s stock fell by 8% in August due to weak cloud computing growth, Cramer asserted over multiple appearances that he believed Amazon.com, Inc. (NASDAQ:AMZN) had to buy NVIDIA’s GPUs to attract more customers to its cloud computing business. However, in this appearance, the CNBC TV host admitted to being wrong:

“Take a look at the Morgan Stanley piece today. The most significant piece of research I’ve read in a long time. By Brian Nowak. Who was the skeptic, on the conference call. That perhaps, there’s, this is, Andy Jassy, of Amazon, perhaps he’s underspending. Okay. Now Andy then just gave a very long soliloquy, there was a very thoughtful, but we we weren’t looking for thoughtful. We were looking for come out and [inaudible].

“What he’s saying is that Amazon is now going to accelerate spending. Amazon’s view, is price-performance is what matters which is why they use their own Trainium. Not performance, but price-performance, because Andy likes to make money, and you know, he makes a lot more money than everybody else. But everyone thought that Microsoft, which maybe aided by OpenAI, accelerated their spend and therefore accelerated their business. This piece, says basically, that was the narrative, I’m going back and saying it’s not, Amazon’s spending more than they have to, 2026 they’re going to get to reaccelerate the growth. 17 and a half percent growth, to 20% growth, AWS.

“The growth fears had to do, and I helped propound this, which was I think, in retrospect, ill-advised by me. That, Amazon was underspending with NVIDIA.”