We recently published a list of Was Jim Cramer Right About These 13 Stocks?. In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against other stocks that Jim Cramer discussed.
During the latest episode of Mad Money, Jim Cramer focused on the recent market volatility and the reasons behind it. He explained that the reason behind this volatility is the escalating trade war with Canada. Here’s how he explained the situation:
“We got a trade war going with Canada. Here’s what happened, they announced a 25% tariff on electricity in our country earlier today. Immediately president Trump announced some hard retaliation doubling the tariffs on aluminum and steel. The steel side can be dealt with. Aluminum, I don’t know but it’s bad news. Canadians produce a huge percentage of that stuff for our airline makers, for trucks, for cars. A 50% tariff would be very inflationary and could destroy the profits of the automakers.”
Cramer’s recent opinion is that the U.S. is no longer a manufacturing-driven economy, but a service-driven one, where businesses thrive on stability and consumer confidence. Here’s how he explained it:
“Now we’re not a manufacturing economy, we’re a service economy. That’s why it stings when you see these retailers, telecoms, and airlines linking the negativity of their customers to political actions. […] The issue is that, again, we’re service. Most of our business is service, and that economy is starting to roll over because consumer confidence is declining as people worry about the impact of these tariffs. They don’t understand them. Sure, we have plenty of room for layoffs, so to speak, because we have very low unemployment. But the stock market is saying the tariffs will be inflationary, and the White House hasn’t explained to the American people why it’s worth it.”
Methodology
For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money on March 20, 2024. We then calculated their performance from March 20th, 2024, market close to March 12th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.
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).
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Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 342
At the time, Cramer was bullish on Amazon.com, Inc. (NASDAQ:AMZN), especially its AWS division, highlighting its role in AI infrastructure:
“Amazon is investing tremendously in all areas of AI… and of course down to the chips, our own design chips, as well as our long-standing partnership with Nvidia. Amazon Web Services (AWS) is working with Nvidia to use their newest Blackwell chips to grow AWS infrastructure and build up and train brilliant artificial intelligence models as fast as possible.”
Amazon.com, Inc. (NASDAQ:AMZN)’s stock is up 11.64% since Cramer’s comments.
Here are Cramer’s latest comments on Amazon.com, Inc. (NASDAQ:AMZN) from the 26th of February:
“They have promised, some of us, who have complained about Alexa, that it’s going to be very useful tool when you come downstairs. Look I’m very excited about it. I also hope that they get it right. Because there is very little classical music that you can play. If you ask for Beethoven’s First, they give you Alfred Brendel doing a concerto. If you ask for the concerto, they give you Mozart. It is so erratic that it’s not usable. So I hope they fix that. And they want it to be your personal assistant. Which I’d like. Because right now she’s dumb as wood. I mean plywood. I mean sometimes I argue with her it’s incredible. I wanted to hear West Side Story. That’s way too hard. You know what’s really hard for them? Literally anything, anything involving Cajun music.”
“I mean when I ask them directly, they think it’s gonna be your personal assistant. You’ll want to pay for it. That’s why they, when I said I’m not paying for Alexa, she doesn’t know anything other than that there’s a package downstairs. And they said, no, she will be able to really communicate with you much better. . .Well basically it doesn’t have enough NVIDIA. And, it will, also Trainium, their own chips. I love em’.
“But you know it’s wrong so often. All of these things are in their infancy, and they probably need more NVIDIA.”
Overall, AMZN ranks 6th on our list of stocks that Jim Cramer discussed. While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that 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 but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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