We recently published 10 Stocks Jim Cramer Discussed As He Talked About President Trump & Trillionaires. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.
Cramer frequently discusses Amazon.com, Inc. (NASDAQ:AMZN) in his morning show. Most of his comments for the firm surrounding its cloud computing and eCommerce businesses. The past few months have been interesting when it comes to the CNBC TV host’s thoughts about Amazon.com, Inc. (NASDAQ:AMZN). They have been interested because after the firm’s second-quarter earnings, Cramer opined that its cloud business was underperforming due to a reliance on in-house chips. Then, he changed his mind and discussed a Morgan Stanley piece about the chips. This time, he discussed the bank again and commented on a media report:
“Did you see that Amazon was added to the vintage list of Morgan Stanley? Vintage. What’s that like the Caymus Fournier?
“[On a report that Amazon is developing two pieces of eyewear to rival Meta, one for consumers and one for drivers] Well that’s, remember Zuckerberg said that’s going to be the principle way to do AI. I am still befuddled. I happen to love it. But we all have the sunglasses, David if we go, let’s say if I went to the Squawk party tonight, I was wearing sunglasses, I think you’d say, is that, your eyes okay?”
Twin Design / Shutterstock.com
Jim Cramer’s comments about Amazon.com, Inc. (NASDAQ:AMZN) on August 29th are quite important for the debate surrounding its AI chips:
“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.”
While we acknowledge the risk and potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN and that has 10,000% upside potential, check out our report about this cheapest AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
Hedge Fund Resource Center