Jim Cramer Shares Why Amazon.com (AMZN) is Better Than Microsoft

We recently published Jim Cramer Discussed AI “Mojo” & Commented On These 13 Stocks. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks discussed by Jim Cramer.

eCommerce and cloud computing giant Amazon.com, Inc. (NASDAQ:AMZN)’s shares are up by 45% over the past year and by 11% year-to-date. Evercore ISI reiterated an Outperform rating and a $285 share price target on the firm on April 9th. The financial firm outlined that Amazon.com, Inc. (NASDAQ:AMZN)’s AI revenue run rate and custom chip businesses suggest growing control over the AI market. In his previous comments for the firm, Cramer asserted that concerns about Amazon.com, Inc. (NASDAQ:AMZN)’s retail and eCommerce businesses might be overblown since accurate data is often a closely guarded secret. Wells Fargo adjusted the price target to $305 from $304 on April 2nd and kept an Overweight rating on the stock. The bank commented that Amazon.com, Inc. (NASDAQ:AMZN)’s AWS revenue could beef up the firm’s cash flow. Cramer discussed the software business and competition with Microsoft:

“Yeah I just think that, Carl, we’re all so used to Microsoft being a terrific. We’re just not used to seeing it being, what is now people saying a chronic underperformer. . .if you look at companies that conceivably have slowing revenues, that’s what it is. None of these companies have [inaudible] revenues, but slowing revenues, then people are going to say that you’re going to see it in Microsoft, but not in Amazon. Now Amazon’s kind of ascendant right now. So maybe that’s, you know, that’s what you have to buy.”

Jim Cramer Shares Why Amazon.com (AMZN) is Better Than Microsoft

Zapp2Photo/Shutterstock.com

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: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.