Jim Cramer’s 20 Bold AI Predictions – See How They Played Out!

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

Number of Hedge Fund Holders In Q2 2025: 335

Date Of Cramer’s Remarks: 8-14-24

Share Price Performance Since Then: 29.5%

Amazon.com, Inc. (NASDAQ:AMZN) is a key player in the AI industry due to its sizable cloud computing market share, in-house AI computing chips, Alexa product lineup, and association with foundational AI model developer Anthropic. Since Cramer’s August 2024 remarks, the shares have gained a modest 29.5%. Most of Amazon.com, Inc. (NASDAQ:AMZN)’s woes started in February 2025 after the firm’s cloud computing results for its December quarter disappointed investors and led to a $100 billion market value wipe out. The shares dipped by 8% in August after cloud continued to disappoint. Cramer, in his recent remarks, has attributed Amazon.com, Inc. (NASDAQ:AMZN)’s cloud struggles to its aversion to buying NVIDIA chips. Here’s what he said about the firm in August 2024:

“We recently bought more Amazon shares because I believe the market was too harsh on their last quarter. Amazon is a buy, and I think it will continue to perform well.”

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