Jim Cramer’s Thoughts on 5 Stocks: Amazon, AMD, and Big Tech’s AI Spending

Page 1 of 5

In this article, we will look at 5 Stocks on Jim Cramer’s Thoughts on 5 Stocks: Amazon, AMD, and Big Tech’s AI Spending. Please visit Jim Cramer’s Thoughts on 16 Stocks: Arista, Taiwan Semi, and Big Tech’s AI Spending, if you’d like to see the extended list and methodology behind it.

Jim Cramer’s Thoughts on 5 Stocks: Amazon, AMD, and Big Tech’s AI Spending

5. CVS Health Corporation (NYSE:CVS)

CVS Health Corporation (NYSE:CVS) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. Cramer discussed the company’s “great” quarter during the episode, as he said:

In Friday night’s game plan, I told you to expect a great quarter from CVS Health, and that’s exactly what we got this very morning. CVS also owns Aetna, a huge health insurance company, and Caremark, the number one pharmacy benefit manager. Today, they reported a magnificent 39 cent earnings beat of $2.18 basis with higher than expected revenue, and management raised their full year forecast pretty substantially. As a result, the stock shot up 7.7% today, reaching a three-year high… The stock went up a lot, but the earnings went up, so it’s not more expensive. I would argue that it’s cheaper.

CVS Health Corporation (NYSE:CVS) provides healthcare solutions through insurance, pharmacy benefit management, and retail pharmacy services.

Page 1 of 5